De Nederlandse staat begint een rechtszaak tegen het bedrijf Relief Goods Alliance (RGA) van Sywert van Lienden. De civiele procedure draait om de omstreden mondkapjesdeal.
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Het aantal ziekmeldingen van werknemers steeg in september voor het eerst sinds februari weer. Mensen hebben vaker griep en melden zich ook veel ziek vanwege stress die mogelijk met een herfstdip te maken heeft. Lezers lieten op ons reactieplatform NUjij weten zich hierin te herkennen.
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Gokbedrijven hebben vorig jaar 3,4 miljard euro verdiend na aftrek van uitgekeerde winsten. Dat is 700 miljoen euro of bijna 26 procent meer dan in 2019, het laatste jaar zonder coronabeperkingen. In 2022 vergokten Nederlanders gemiddeld 258 euro per persoon.
( 9
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Brussel wil van TikTok en Facebook-moederbedrijf Meta binnen drie weken weten wat ze doen tegen de verspreiding van nepnieuws en desinformatie. Eerder kreeg X hetzelfde ultimatum. Als de maatregelen niet goed genoeg zijn, kan de Europese Unie dwangsommen opleggen.
( 9
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Universal Music sleept AI-chatbotmaker Anthropic voor de rechter in het Amerikaanse Nashville. Volgens de platenmaatschappij maakt de chatbot nieuwe muziek die te sterk lijkt op nummers van artiesten die bij Universal onder contract staan.
( 9
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BCC deelt niet meer mee welke winkels open of dicht zijn. Daarmee wil de failliete elektronicaketen onrustige situaties in de winkels voorkomen. BCC houdt faillissementsuitverkoop en dat trekt koopjesjagers.
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Vervoersbedrijf Arriva, dat ook in Nederland actief is, krijgt een nieuwe eigenaar. Moederbedrijf Deutsche Bahn heeft besloten het onderdeel te verkopen aan de Amerikaanse investeerder I Squared Capital.
( 8
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Autofabrikant Tesla maakt minder winst doordat het bedrijf de prijzen voor zijn auto's heeft verlaagd. Met die prijsverlagingen wil de fabrikant de toenemende concurrentie voorblijven
( 10
min )
Nederland telde vorige maand 371.000 werklozen. Dat komt neer op 3,7 procent van de beroepsbevolking, wat iets meer is dan een kwartaal eerder. Vooral jongeren hebben relatief vaak geen baan.
( 9
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Duizenden mensen adviseren elkaar in Telegram-groepen om autonoom te leven. Ze erkennen het gezag van de overheid niet en geloven dat ze niet aan financiële verplichtingen hoeven voldoen, zoals het betalen van boetes of bepaalde belastingen.
( 9
min )
Netflix heeft de afgelopen maanden weer miljoenen nieuwe abonnees weten te trekken. Dat komt vooral doordat de streamingdienst een stokje stak voor het delen van accounts met vrienden en familie. Meer mensen namen daarom een eigen abonnement.
( 9
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Nokia schrapt tot veertienduizend banen om kosten te besparen. Die ingreep moet de winstgevendheid op peil houden, meldt het Finse techbedrijf donderdag in een update over zijn strategie. Hoeveel banen in Nederland verdwijnen, is onduidelijk.
( 8
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Het Openbaar Ministerie is een strafrechtelijk onderzoek begonnen naar Chemours in Dordrecht. Daarbij wordt ook gekeken of leidinggevenden van dat chemiebedrijf aansprakelijk zijn te stellen voor vervuiling. Dat meldt het OM.
( 8
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Het aantal ziekmeldingen van werknemers is in september voor het eerst sinds februari weer gestegen. Mensen hebben vaker griep en melden zich ook veel ziek vanwege stress die mogelijk met een herfstdip te maken heeft, stellen arbodiensten ArboNed en HumanCapitalCare.
( 10
min )
Revenue at Genuine Parts missed estimates as its U.S. auto parts group underperformed, sending shares plummeting.
( 17
min )
Shares of regional banks have rebounded from this spring's industrywide turmoil, belying financial performance that remains challenged by rising interest rates and an uncertain economy.
( 19
min )
A yen ETF is an exchange-traded fund that tracks the Japanese yen in the foreign exchange markets.
( 25
min )
A consumption tax is a tax on the purchase of a good or service. It can also be a system taxing based on consumption rather than on added value to the economy (income tax).
( 24
min )
Wire fraud is a type of fraud that involves the use of some form of telecommunications or the internet.
( 23
min )
Freddie Mac’s 30-year fixed-rate mortgage hit 7.63%, the sixth straight week that mortgage rates increased to levels not seen since 2000.
( 17
min )
Terminal value (TV) determines the value of a business or project beyond the forecast period when future cash flows can be estimated.
( 26
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A home equity loan may be a lower interest rate than your current debt, but make sure you know all the risks before consolidating your debt into one.
( 23
min )
You can use a $35,000 personal loan for almost anything, with a few exceptions. Learn what you can fund with a $35,000 and what is excluded.
( 25
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The Consumer Financial Protection Bureau proposed new rules Thursday that would require banks to share data at the customer’s request, making it easier to switch banks and other financial service providers.
( 18
min )
Covered interest rate parity refers to a theoretical condition in which the relationship between interest rates and the spot and forward currency values of two countries are in equilibrium.
( 23
min )
Crypto firms Gemini, Genesis, and Digital Currency Group are being sued by New York Attorney General Letitia James for fraud.
( 18
min )
Tesla shares tumbled more than 9% in trading Thursday on the electric carmaker's lackluster earnings report for the third quarter. Elon Musk and other executives highlighted economic headwinds and Cybertruck production challenges that have hurt performance.
( 18
min )
Discover the countries with the greatest budget deficits as a percentage of GDP.
( 21
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U.S. equities moved between gains and losses at midday on Thursday, Oct. 19, 2023 amid concerns about whether the Fed would continue to raise interest rates as Fed Chair Powell said inflation remains too high.
( 18
min )
The number of existing home sales decreased by 2% in September to 3.96 million, and 15.4% from one year ago.
( 18
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American Airlines reported higher-than-expected profit for the third quarter, but warned of lower earnings for the year as fuel costs increase.
( 17
min )
We explain how Korea's most popular messaging application makes its money.
( 21
min )
Google plans to manufacture phones in India, following moves by other smartphone giants Apple and Samsung.
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min )
TSMC posted better-than-expected results in the third quarter and expects a turnaround in the semiconductor sector.
( 17
min )
Financial markets refer broadly to any marketplace where securities trading occurs, including the stock market and bond markets, among others.
( 28
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Ten economic indicators provide a comprehensive picture of Canada's economy.
( 23
min )
Multi-signature wallets are cryptocurrency wallets designed to require two or more cryptocurrency wallet keys to unlock and withdraw funds.
( 22
min )
Rates on 30-year mortgages have eased a bit lower after surging to a new historic high on Tuesday. Rates were flat to moderately up for most other loan types.
( 21
min )
Legal immigrants in the U.S. can be eligible for Social Security benefits, but only if they meet certain requirements.
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Here is a list of the world's top ten law firms in terms of revenue.
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AT&T's third quarter earnings beat analyst estimates and revenue eked out a modest gain. The company added subscribers, but more importantly raised its full-year guidance for free cash flow.
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min )
Corporate governance involves balancing the interests of a company's many stakeholders, which can include shareholders, senior management, customers, suppliers, lenders, the government, and the community.
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Summa cum laude is an academic level of distinction used by educational institutions to signify a degree that was received with the highest honor.
( 24
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Tesla shares fell as the electric vehicle maker missed estimates on price cutting that ate into profit margins and investors will look to remarks from Fed Chair Jerome Powell for insight into coming decisions on interest rates. Here’s what investors need to know today.
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A high-yield savings account can make your money go further. Find out the top benefits and how to choose an account that’s right for you.
( 18
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From automating transactions to finding the right savings vehicle, here are the key things to know about managing your savings.
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Find out how limited partnerships and master limited partnerships (MLPs) differ in their types of business ownership and tax treatment.
( 23
min )
The Social Security tax, levied on both employers and employees, funds Social Security and is collected in the form of a payroll tax or a self-employment tax.
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Can Sun, former FTX general counsel, took the stand on Thursday to testify on behalf of the prosecution’s case against Sam Bankman-Fried. Sun has a non-prosecution agreement in exchange for his cooperation. The Yale law school grad joined FTX at the end of August 2021 and stayed until early November 2022 shortly after the crypto exchange collapsed.
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Taiwan Semiconductor Manufacturing’s earnings commentary shows that demand for AI applications and Nvidia chips are improving. Nvidia stock should benefit.
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(Bloomberg) -- A Ladder Capital Corp. executive with close ties to Donald Trump testified that the firm approved a $160 million loan to the former president in 2015 based in part on his claim that he was worth $5.8 billion — a figure New York state alleges in its civil fraud case was inflated by more than 50%.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadWhere Does Israel Get Its 220,
( 34
min )
VMWare stock was falling on Thursday following a report that its purchase by infrastructure-software company Broadcom could be delayed by Chinese regulators.
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The 4% rule has long provided guidance to retirees on how to maintain a safe withdrawal rate from retirement accounts. But with today’s low bond yields and stock market volatility, this once-steady rule of thumb looks increasingly open to change. A new approach detailed by John Hancock Investment Management suggests using diversified multi-asset income portfolios. […] The post Do You Follow the 4% Rule for Retirement Income? You May Want to Consider This Style of Portfolio appeared first on Smar
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min )
With $2.5 million in cash, $500,000 in an IRA and average Social Security benefits, someone who’s 67 is likely in a pretty good spot for retirement. However, retiring comfortably involves more than financial resources. It also requires balancing income and expenses. With that in mind, it may be necessary to reduce lifestyle costs or invest […] The post I’m 67 Years Old, Have $2.5 Million in Cash, $500k in an IRA and Social Security. Should I Retire Now? appeared first on SmartReads by SmartAsset
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The deal filed in Pennsylvania federal court on Wednesday is subject to approval by District Judge Jennifer Wilson. A spokesperson for Walgreens and an attorney for Rite Aid investors did not immediately reply to requests for comment. The Rite Aid investors sued Walgreens and its executives over statements they made about the proposed merger between the two major U.S. pharmacy chains, which was first announced in 2015.
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Tesla shares tumbled in early trading after Chief Executive Elon Musk tempered expectations for the company’s new Cybertruck.
“It's a great product, but financially, it will take, I don't know, a year to 18 months
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Let’s talk about penny stocks. These are equities that trade for less than $5 per share, at the very bottom of the price range. While they are priced that low for a reason – and the reasons may vary – a low price in itself doesn’t mean that the stock’s fundamentals are sour. Smart investors can find some true bargains among penny stocks and set themselves up for outsized gains. The opportunity is linked to a simple question: Why is the company’s stock priced so low? If the answer is mainly benig
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Union Pacific's earnings and sales fell in the third quarter as volumes declined and fuel prices rose.
However, shares rose more than 4% as the rail operator reported per-share earnings above analysts’ expectations.
Chief Executive Jim Vena said the company continues to face inflationary pressure
( 23
min )
(Bloomberg) -- Discover Financial Services said third-quarter profit dropped 33% drop as write-offs climbed and the firm set aside more money to cover future loan losses. The shares fell the most in more than two months.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Biden Vows Aid for Gaza, Backs Israel Over Hospital BlastTrump
( 33
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Another round of regional banks reported third-quarter earnings, with the results pointing to mounting expense pressures on midsize and smaller players. Here are the highlights:
**Ke
( 24
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Walt Disney has disclosed ESPN’s financial figures separately for the first time. They might come as a disappointment, analysts say.
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min )
Many would-be millennial homebuyers feel locked out of this market.
( 35
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Costco’s CEO is stepping down. COO Ron Vachris will succeed Craig Jelinek starting Jan. 1.
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min )
Employers are paying for costly benefits that employees don't find useful.
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min )
AT&T’s core cellphone business kept growing in the third quarter, lifting revenue and spurring the company to raise its full-year outlook for free cash flow.
Shares, down about 22% so far this year, jumped 4.3% to $14.93 in premarket trading.
In the third quarter, the Dallas company added 468,000
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Blackstone reported third-quarter earnings on Thursday, disclosing it has amassed more than $200 billion to invest in a market in which deal opportunities are nonetheless muted.
Some key highlights from the results:
Blackstone reported net income of roughly $552 million for the quarter, or about
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The telecommunications giant adds more wireless and broadband subscribers than expected in the third quarter.
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American Airlines is reporting a $545 million loss for the third quarter in contrast with the huge profits posted by its two closest rivals. American said its results were dragged down by $983 million in charges related to a new labor contract with its pilots, but United Airlines and Delta Air Lines reached similar deals with their pilots and still earned $1.1 billion each in the quarter. Labor costs at American jumped 17%, an increase of nearly $600 million, which was roughly offset by lower fuel prices than a year ago.
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Rite Aid is shuttering over 150 stores as it seeks to restructure their business following years of legal issues tied to the opioid crisis and sagging sales.
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min )
Truist Financial reported a near 31% drop in third-quarter profit on Thursday as the lender's interest income from mortgages and credit-card debt declined while it allocated more funds towards rainy-day reserves to cover potential sour loans. Analysts had forecast the boost from higher interest income would diminish as banks pay more to retain deposits and prevent clients from shifting to money-market funds for higher risk-free returns. Truist's net interest income for the three months ended Sept. 30 fell 4.3% to $3.62 billion, compared with a year earlier.
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The telecommunications giant adds more wireless and broadband subscribers than expected in the third quarter.
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The company said it expects full-year free cash flow of about $16.5 billion, up from its prior forecast of $16 billion or higher. Its third-quarter figure of $5.2 billion also handily beat estimates, according to Visible Alpha. AT&T has in recent months tried to stand out in the competitive U.S. market with offers, including a hefty discount on the iPhone 15 series that some analysts consider to be one of the most aggressive in the industry.
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Federal Reserve Chairman Jerome Powell is delivering a speech on Thursday that will provide clues about where the central bank sees policy headed next.
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(Bloomberg) -- If 10-year US Treasury yields hit 5% or higher, that’s a good entry point for investors, according to Morgan Stanley Investment Management. Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?QQQ Advances in Late Trading as Tesla Rebounds: Markets Wrap“Those wil
( 34
min )
TSMC stock rose after it said that demand for the latest chip technology was helping to offset a glut of semiconductors caused by the fall in demand for consumer electronics.
( 18
min )
Nokia announces plans to cut up to 14,000 jobs as part of a cost-saving initiative after profit tumbled 69% in the third quarter.
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Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. Nokia’s third-quarter sales plummeted 20%, to 4.98 billion euros from 6.24 billion, compared with the same three-month period last year. “We continue to believe in the mid- to long-term attractiveness of our markets,” Nokia CEO Pekka Lundmark said in a statement.
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(Bloomberg) -- Elon Musk is dialing back expectations for Tesla Inc. as years of rapid expansion collide with rising interest rates and a more cost-conscious consumer.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Rebounds: Market
( 34
min )
(Bloomberg) -- A selloff in Asian shares deepened, as investors fretted over higher Treasury yields and escalating tensions in the Middle East.Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Rebounds: Markets WrapRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearYields on 10-year
( 35
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China's State Administration of Market Regulation has not signed off on the deal and is likely to delay approving the transaction after US President Joe Biden's administration introduced tougher chip controls on Tuesday, the report added, citing people familiar with the matter. VMWare and Broadcom did not immediately respond to Reuters request for comment. China's State Administration of Market Regulation could not immediately be reached for comment.
( 33
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SAP shares jumped after the German group posted higher revenue and operating profit for the third quarter, led by growth at its core cloud business..
( 27
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(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. posted better-than-expected net income in the third quarter after demand for artificial intelligence chips remained strong.Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Reboun
( 34
min )
Nokia launched a plan to cut as many as 14,000 jobs as it seeks to save up to €1.2 billion after it posted a 45% fall in profit in the third quarter.
( 27
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The world’s largest contract chip maker said third-quarter net profit declined 25% from a year earlier, though it projected stronger revenue in the current quarter.
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(Bloomberg) -- Chinese investors offloaded the most US bonds and stocks in four years in August, fueling speculation the authorities may have moved to beef up their war chest to defend a weakening yuan.Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Rebounds: Markets WrapTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyUPenn Donors Pile Pressure on School
( 32
min )
Shale companies turn to mergers to address reserve replacement challenges, with Pioneer Natural Resources and Devon Energy leading the way.
( 36
min )
Tesla’s profit tumbled 44% in the third quarter as the impact of steep price cuts continued to take a toll on the electric-car maker’s bottom line.
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It’s two years out from the COVID lockdowns, and some patterns are becoming clear. One that was not anticipated was a surge in reshoring of basic industries. The pandemic era highlighted vulnerabilities in our supply chain, and the government responded with a push to bring manufacturing back onto US shores. That push has included federal subsidies and incentives, but the motive remains simple: to reduce our dependence on foreign suppliers for everyday goods. The incentives have not been evenly a
( 36
min )
Tesla shares turned negative in after-hours trading after Chief Executive Elon Musk tempered expectations on the company’s new Cybertruck.
“It's a great product, but financially, it will take, I don't know, a year to 18 months before it is a significant positive cash flow contributor,” Musk said on
( 24
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 21
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COO Ron Vachris will succeed Jelinek starting Jan. 1.
( 16
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The electric-vehicle maker reported adjusted earnings per share of 66 cents. Wall Street was looking for 70 cents.
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Maybe you didn’t know how bad the affordability situation has gotten in the housing market. (It's really bad.)
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CD rates have been on a 20-month climb, setting new records in several terms. With rates already at their highest level in more than 20 years, will they go higher still?
( 21
min )
The company has since January resorted to steep price cuts and discounts, including reductions of more than 6% across models in the third quarter, to propel sales at a time when overall demand is under pressure. While those efforts drove up sales in the first half of the year, planned factory retooling to prepare for production of new models throttled Tesla's deliveries between July and September. Investors and analysts expect more price cuts as the automaker aims to deliver a record 476,000 vehicles in the fourth quarter to meet its annual target of 1.8 million vehicles.
( 33
min )
The Sam Bankman-Fried trial is 11 days in and witnesses continue to take the stand on behalf of the prosecution’s case. The defamed former co-founder of FTX and Alameda is on trial for seven criminal charges related to fraud and money laundering. On Wednesday, Peter Easton, an accounting professor at University of Notre Dame, testified regarding whether or not the FTX collapse was predicated on fraud.
( 33
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Procter & Gamble said profit rose 15% in its fiscal first quarter after price increases offset lower volumes across three out of its five categories.
Higher prices boosted the top line by 7% in the latest period, while sales volume declined 1%. The company's shares rose more than 2% in afternoon tr
( 25
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The drugstore chain has faced issues from failed mergers to hundreds of lawsuits over the opioid crisis.
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Yes, inflation is a tax on incomes, finds NYU’s Edward Nathan Wolff, but it also shrinks debts and can boost asset values, like homes.
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Rates on 30-year mortgages have surged another quarter point, pushing the 30-year average well above its recent 23-year high. Rates jumped for almost every loan type.
( 19
min )
Real estate investments can be lucrative assets. However, they can also incur capital gains taxes that weaken your profits. Fortunately, you can implement tactics that reduce capital gains taxes so you can keep more of your money. Although the IRS … Continue reading → The post Capital Gains Tax on Real Estate Investment Property appeared first on SmartAsset Blog.
( 35
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Berkshire Hathaway Inc. Chairman and CEO Warren Buffett is no ordinary gift recipient. Known for his extraordinary success in investing, he has remained one of the world's wealthiest people for years. Shopping for a family member is often challenging, but when that family member is Buffett, the dilemma becomes even more unique: What can you possibly give a billionaire who already has everything? Mary Buffett, who was married to Warren Buffett's son Peter, faced this question during their first C
( 35
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Aerospace supplier Spirit AeroSystems said its key customer, Boeing, has agreed to help it through its production problems.
( 19
min )
HARVARD BUSINESS SCHOOL Dean Srikant Datar Seven tenured professors at Harvard Business School, remaining anonymous out of fear of retaliation by Dean Srikant Datar, say his handling of the Francesca Gino case has rocked ... The post Harvard Business School Dean Srikant Datar Comes Under Attack From Seven Tenured Profs appeared first on Poets&Quants.
( 37
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In the world of dividend stocks, most companies follow a quarterly distribution schedule. Imagine a scenario where, instead of waiting for a dividend check every three months, you are getting paid every month. It's entirely feasible. A select group of companies pays monthly dividends. Realty Income Corp. (NYSE:O), for instance, has been doing so for decades. Because tenants typically pay rent every month, real estate has been a popular sector for investors looking to earn passive monthly income.
( 34
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Ken Fisher has a problem with the Fed, decrying it as ‘idiotic.’ And investors, says the billionaire stock picker, should not pay too much attention to its announcements. “Maybe you’re still worried about what the Fed says,” wonders the Fisher Investments founder. “The September minutes warned of higher rates for longer. But here’s a little secret: The Fed never has a clue what it will do. In May 2022, Fed Chairman Jerome Powell said, ‘a 75 basis point increase is not something that the committe
( 36
min )
Arm initiated, SQM downgraded: Wall Street's top analyst calls
( 35
min )
Several big regional banks are out with third-quarter results. The results are a mixed bag so far.
They disclosed more stable deposits—a relief after outflows at many banks earlier this year. But some
( 24
min )
Spirit Aeroystems shares advanced more than 20% Wednesday after the aircraft parts supplier said it had reached a tentative agreement with Boeing that would include some price increases for Spirit. Spir
( 23
min )
Airlines’ earnings are shaping up to be historic. United, Delta reported, and American is on tap.
( 18
min )
Billionaire founder Jensen Huang can no longer sell two lucrative chips specially designed for the Chinese market, because they might help boost its military capabilities.
( 34
min )
Rite Aid said it plans to shutter 154 locations across the nation, with many of the stores slated for closure in California and Pennsylvania.
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Net interest income is being helped by the Federal Reserve's aggressive pace of rate hikes.
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US Bancorp beat estimates for third-quarter profit on Wednesday, as higher interest income from loans offset a hit from bigger credit-loss provisions. The U.S. Federal Reserve's aggressive monetary tightening over the past year to tame inflation has boosted profits at consumer-facing banks as customers pay a higher rate on their mortgages and credit card debt. Net interest income, which is the difference between what banks earn from lending and pay out on deposits, for the third quarter ended Sept. 30 rose 10.7% to $4.27 billion for USB.
( 33
min )
(Bloomberg) -- Oil prices rallied more than 3% and stocks fell as Iran intensified its rhetoric against Israel after an explosion at a Gaza hospital that complicated diplomatic efforts to rein in the Middle East conflict.Most Read from BloombergHospital Blast Kills Hundreds as Israel, Hamas Trade BlameIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?UPenn Donors Pile P
( 35
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If you have $1 million in a 401(k) and collect a pension, you may be in a position to delay Social Security until age 70. Doing so can boost your monthly benefit by up to 24%. However, delaying Social Security will mean you’ll have to rely more heavily on your savings for several years and […] The post I Have $1 Million in Savings and a Pension. Should I Delay Social Security and Rely on My 401(k) for 8 Years? appeared first on SmartReads by SmartAsset.
( 35
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Brian Moynihan, the CEO of Bank of America, said although consumers are buying less, some families are beginning to spend more than they're bringing in.
( 34
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I currently have $680,000 in a 401(k), $150,000 in savings and a pension of $1,600 per month. Can I retire at age 62? – Hieu This is a good question and the answer depends primarily on what your expenses are and how much you will collect from Social Security. What we can do here is […] The post Ask an Advisor: I Have $680K in a 401(k), a Monthly Pension of $1,600 and Another $150K in Cash. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
( 35
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(Bloomberg) -- The Federal Reserve faces potential policy pitfalls ahead as it wrestles with how to respond to investor angst about the US government’s $33.5 trillion mountain of debt.Most Read from BloombergHospital Blast Kills Hundreds as Israel, Hamas Trade BlameIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?UPenn Donors Pile Pressure on School as David Magerman P
( 35
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ASML forecast flat revenue for 2024 as chip manufacturers are uncertain about the timing of the recovery in semiconductor demand.
( 17
min )
United Airlines says the Israel-Hamas war will hit fourth-quarter results, and ASML expects flat revenue in 2024. Morgan Stanley, Procter & Gamble, Tesla, and Netflix are scheduled to report earnings Wednesday.
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min )
The property giant was once considered one of the safest developers in China, but the country’s property slowdown has claimed another victim.
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ASML said it sees 2024 as a transition year, expecting revenue to be similar to 2023, given uncertainty around the demand recovery in the semiconductor industry.
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When Laima Springe-Janssen was looking to replace her French-made gasoline-powered SUV with an electric car, she considered models from Volvo and Nissan. The Volvo extras she wanted would have busted her budget, while the Nissan lacked the “wow factor.” The Copenhagen, Denmark, resident ended up buying a compact SUV from China’s BYD.
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Charles Schwab can maintain its big lead over its rivals despite gripes among some advisors about the transition from TD Ameritrade.
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Distributions from you 401(k) plan don't affect the amount of your Social Security benefits, but they can affect whether they're subject to income tax.
( 28
min )
(Bloomberg) -- Carl Icahn criticized short sellers on Tuesday, months after his firm became the target of one. Most Read from BloombergTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapIsrael Latest: Biden’s Visit to Jordan, Arab Summit ScrappedHundreds Dead at Gaza Hospital as Israel, Hamas Trade BlameWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Putin Arrives in China to Meet Xi on Rare International Trip“I think there’s a place for short sellers without question but to go ou
( 33
min )
Brent crude futures jumped $1.62, or 1.8%, to $91.49 a barrel at 0148, with markets also braced for Chinese GDP numbers. West Texas Intermediate crude (WTI) futures were up $1.77, or 2%, at $88.43 a barrel. U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday.
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min )
Most U.S. workers are automatically enrolled in the Social Security program, but a few groups are exempt from paying taxes into the Social Security system.
( 26
min )
The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 19
min )
The electric car maker has cut into profits by repeatedly slashing prices in an effort to drum up demand to little effect.
( 17
min )
CD rates have been on a 20-month climb, setting new records in several terms. With rates already at their highest level in more than 20 years, will they go higher still?
( 21
min )
The S&P 500 tumbled 1.3% on Wednesday, Oct. 18, 2023, with concerns about corporate earnings and the possibility that fighting between Israel and Hamas may escalate further.
( 16
min )
The ongoing consumer spending spree that’s propped up the economy and baffled economists in recent months could continue going strong, according to a new analysis.
( 19
min )
Albemarle shares sank after Bank of America downgraded the stock because of expected softness in the lithium market.
( 16
min )
Despite rumors of an upcoming price increase on its ad-free plans, Netflix's crackdown on password sharing has helped to boost subscriber numbers and revenue.
( 17
min )
J.B. Hunt shares tumbled after the shipping giant missed profit and sales estimates as freight prices declined.
( 17
min )
This guide explains the stimulus and relief efforts undertaken by the U.S. government during the COVID-19 crisis.
( 43
min )
Amazon's new robotic system, Sequoia, reduces processing time, increasing the number of goods available for same-day or next-day delivery.
( 17
min )
Bitcoin mining is how new bitcoins enter into circulation. It's also a critical component of the security of the blockchain ledger.
( 30
min )
Half of global fund managers surveyed by Bank of America see a weaker worldwide economy over the next 12 months, the bank said in its October 2023 Fund Manager Survey.
( 18
min )
Shares of Boeing supplier Spirit AeroSystems jumped after reaching a production agreement with Boeing to shore up its production system after quality issues delayed deliveries.
( 17
min )
China's economy, the world's second-biggest, grew more than expected in the third quarter, boosted by rising industrial production and consumer spending.
( 18
min )
Web 2.0 refers to the current version of the Internet; Web 3.0 is its next iteration, which will be decentralized, open, and of greater utility.
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min )
Personal loans are available for consumers who went through bankruptcy, but they tend to be expensive.
( 25
min )
In 2023, the average disability benefit for a recipient of SSDI is $1,489 per month. The maximum SSDI payment is $3,627 per month. The amounts are increased annually.
( 26
min )
Lofty mortgage rates continue to discourage refinancing, while escalating insurance rates also help make buying a house out of reach for many.
( 17
min )
U.S. equities were lower at midday on Wednesday, Oct. 18, 2023, as the latest corporate earnings reports presented a mixed picture, and as concerns rose about fighting in Israel.
( 16
min )
Semiconductor equipment maker ASML's orders were much lower than expected, and the company warned sales will be flat in 2024.
( 17
min )
A debit note is a document used by a purchaser to inform a vendor of the quantity and dollar amount of goods being returned.
( 24
min )
Personal Financial Specialist (PFS) is a specialty credential for CPAs who are experts at helping individuals with all aspects of wealth management.
( 24
min )
Nvidia is teaming up with Apple supplier Foxconn to set up AI-powered data centers for a wide range of applications, including electric vehicle and robotics platforms.
( 17
min )
3 kinds of indexing for ETF success include the market-cap-weighted index, the equal-weighted index, and the fundamental index.
( 28
min )
Rates on 30-year mortgages have surged another quarter point, pushing the 30-year average well above its recent 23-year high. Rates jumped for almost every loan type.
( 19
min )
Morgan Stanley shares slumped after reporting third quarter profit declined as sales at its wealth management and investment banking units fell short of estimates.
( 17
min )
These planning tips could maximize your Social Security income benefits, which can significantly enhance your financial security in retirement.
( 28
min )
Climate change and short-term weather uncertainty has boosted interest in listed weather derivatives, but inherent challenges still limit their market potential.
( 20
min )
Capital expenditures are major investments of capital to expand a company's business. Revenue expenses are short-term expenses to meet the ongoing operational costs of running a business.
( 24
min )
The bond market can be broken down into three main groups: issuers, underwriters, and purchasers. Learn what each set of players is responsible for.
( 24
min )
Procter & Gamble's gross margin continued to improve thanks to higher prices on many goods and production savings.
( 17
min )
A new survey shows inflation is causing a majority of retirement savers to rethink their strategy, with 75% saying they need to save more than planned
( 18
min )
Euro LIBOR is the London Interbank Offered Rate denominated in euros, which banks offer each other for large, short-term loans.
( 24
min )
Distributions from you 401(k) plan don't affect the amount of your Social Security benefits, but they can affect whether they're subject to income tax.
( 28
min )
If your goals include a big paycheck and working for a Wall Street firm, then you need to learn how to meet employers' expectations.
( 24
min )
Here is an economic portrait of the average American consumer, based on recent spending habits.
( 23
min )
A statutory stock option is a type of tax-advantaged employee stock option offered to employees by employers.
( 24
min )
Roll's critique is an economic idea that suggests that it is impossible to create or observe a truly diversified market portfolio.
( 20
min )
Accounting Standards Executive Committee (AcSEC) is now called the Financial Reporting Executive Committee.
( 20
min )
Grote pensioenfondsen staan er financieel beter voor dan enkele maanden geleden, waardoor een verhoging van de pensioenen dichterbij komt. Maar door de overgang naar een nieuw stelsel zijn de fondsen voorzichtig met het daadwerkelijk verhogen.
( 9
min )
Bedrijven en consumenten kopen massaal Israëlische en Palestijnse vlaggen. De Dokkumer Vlaggen Centrale (DVC) heeft afgelopen week al duizenden van deze vlaggen verkocht. Nog populairder is de vredesvlag, waarmee gemeenten en bedrijven geen partij hoeven te kiezen.
( 8
min )
Het elektriciteitsnet is in bijna alle provincies grotendeels vol. Steeds meer consumenten en bedrijven maken gebruik van warmtepompen, zonnepanelen en laadpalen. Vanaf 2025 investeren netbeheerders jaarlijks 8 miljard euro om aan de stijgende vraag te voldoen en knelpunten te voorkomen.
( 11
min )
Het elektriciteitsnet is momenteel in bijna alle provincies grotendeels vol aangezien steeds meer consumenten en bedrijven gebruikmaken van warmtepompen, zonnepannelen en laadpalen. Netbeheerders investeren vanaf 2025 8 miljard euro per jaar om aan de stijgende vraag te voldoen en knelpunten te voorkomen.
( 11
min )
De inflatie in het Verenigd Koninkrijk was in september 6,7 procent. Dat is precies even hoog als in augustus. Dat betekent dat de afname van de inflatie is gestopt, terwijl de Britse centrale bank ook is gestopt met renteverhogingen.
( 8
min )
De inflatie in het Verenigd Koninkrijk was in september 6,7 procent. Dat is precies even hoog als in augustus. Dat betekent dat de afname van de inflatie is gestopt, terwijl de Britse centrale bank ook is gestopt met renteverlagingen.
( 8
min )
Het elektriciteitsnet in ons land wordt de komende jaren flink uitgebreid. Netbeheerders investeren vanaf 2025 8 miljard euro per jaar om aan de stijgende vraag van consumenten en bedrijven te voldoen en knelpunten te voorkomen.
( 11
min )
Ook woensdag blijven alle winkels van BCC dicht, meldt de failliete elektronicaketen op X. Dinsdag bleven de winkels ook al gesloten, omdat de faillissementsuitverkoop tot grote drukte had geleid en de keten zich zorgen maakt om de veiligheid van het personeel.
( 9
min )
QatarEnergy gaat de komende 27 jaar tot 3,5 miljoen ton vloeibaar gemaakt aardgas (lng) per jaar aan Shell in Nederland leveren. Die hoeveelheid is voldoende om ruim 3,1 miljoen huishoudens van gas te voorzien.
( 9
min )
In de Rotterdamse haven wordt binnenkort gestart met het Porthos-project, waarbij CO2 wordt afgevangen en opgeslagen onder de zeebodem. De betrokken partijen maakten woensdag bekend dat ze definitief hebben besloten het omstreden project door te zetten.
( 9
min )
Als het aan de Tweede Kamer ligt, gaan er vanaf 2025 in de spits vier intercity's per uur vanuit de Randstad naar Groningen rijden. Later moet dat ook buiten de spits zo zijn, maar daar zijn aanpassingen van het spoor voor nodig.
( 9
min )
De lidstaten van de Europese Unie hebben een akkoord bereikt over nieuwe regels voor de stroommarkt. Zo moet voorkomen worden de prijzen voor elektriciteit weer zo hoog oplopen als in de voorbij twee jaar.
( 8
min )
Mensen uit Nieuw-Zeeland en de Filipijnen die met een nieuw account berichten willen delen op X, moeten daarvoor gaan betalen. Het gaat om respectievelijk 80 en 70 eurocent per jaar. De bedoeling is dat dit abonnement bots en spammers tegenhoudt.
( 9
min )
De Chinese economie is in het derde kwartaal met 4,9 procent gegroeid ten opzichte van een jaar eerder. De verwachting was dat de tweede economie ter wereld het door onder meer een wankele vastgoedsector juist minder goed zou doen.
( 9
min )
De Verenigde Staten leggen bedrijven nieuwe beperkingen op voor de chiphandel met China en die pakken negatief uit voor ASML. Wel denkt de Veldhovense chipmachinefabrikant dat de gevolgen beperkt blijven.
( 9
min )
Om plastic zwerfafval tegen te gaan, mogen fabrikanten in de EU vanaf komende zomer alleen flessen met vaste doppen maken. Sommige bedrijven experimenteren daar nu al mee, al blijft het wennen. "We zagen de klant ineens naar de concurrent grijpen."
( 10
min )
Learn how prepaid expenses are recorded on a company's financial statements, including why prepaid expenses are considered assets.
( 24
min )
The income you earn during your working years is a major factor in calculating your Social Security benefits. See how much of a monthly benefit you could receive.
( 28
min )
Downturns in the business cycle cause cyclical unemployment, so policymakers should focus on expanding output, which can be achieved by stimulating demand.
( 24
min )
The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 19
min )
For the first time ever, some taxpayers will be able to file their taxes online directly with the IRS for free, without using a third-party service like TurboTax or H&R Block.
( 18
min )
The federal government annually limits how much of your earnings are subject to the Social Security tax.
( 27
min )
The S&P 500 dipped 0.01% on Tuesday, Oct. 17, 2023, as news that retail sales jumped more than expected in September renewed concerns about more Fed rate hikes.
( 18
min )
Luxury EV carmaker Lucid Group reported deliveries of its Air sedan that fell far short of analysts' estimates.
( 17
min )
General Motors delayed to late 2025 plans to convert the Orion Assembly plant to electric vehicle production as the United Auto Workers strike continues against it and the other Big Three automakers, Ford and Stellantis.
( 17
min )
The Supertrend Indicator Is a Popular Technical Analysis Tool Designed to Assist Traders in Identifying Market Trends
( 25
min )
Shares of VF Corp. soared close to 14% Tuesday as activist investor Engaged Capital disclosed plans to try to boost the apparel retailer's value after taking a major stake in the firm.
( 17
min )
Covered Call ETFs Sell Call Options on Securities They Own, Generating Income for Investors and Helping Protect Against Volatility.
( 22
min )
Social Security isn't going away, but the fund may not have enough reserves to pay full benefits by the time you retire unless Congress acts. Learn more.
( 27
min )
The Social Security trust funds receive payroll taxes, pay out benefits, and invest any surplus in special government-backed securities.
( 27
min )
Affluent investors are increasingly relying on financial advisors amid economic uncertainty, according to research from Cerulli Associates.
( 17
min )
The final day on which a futures contract can be bought or sold is its expiration date.
( 25
min )
Taylor Swift has amassed a net worth of an estimated $740 million, thanks to record-breaking concert ticket and album sales, as well as a sprawling real estate empire.
( 24
min )
Liquidity preference theory concerns how stakeholders value cash relative to receiving interest over varying lengths of time.
( 28
min )
Choice Hotels offered stockholders $90 for each Wyndham share owned, with an option to choose cash, stock, or a combination of cash and stock.
( 17
min )
From the Japanese bubble to overseas manufacturing, violent swings in exchange rates and the value of the yen have affected the Japanese economy.
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min )
When self-employed, you must pay the full 12.4% tax rate, rather than the 6.2% when employed by someone else. But there are deductions to help lighten the tax burden.
( 29
min )
Investors Often Confuse Blockchain and Bitcoin. This Confusion Carries Over into ETFs. How Do Blockchain ETFs and Bitcoin ETFs Differ?
( 26
min )
A cash book is a financial journal that contains all cash receipts and disbursements, including bank deposits and withdrawals.
( 27
min )
The Builder Confidence Index fell for the third consecutive month to 40 from 44 in September, as higher rates are keeping buyers on the sidelines.
( 17
min )
Tesla will recall 54,676 Model X vehicles made between 2021 and 2023, for reported failures to display a warning light for low brake-fluid levels.
( 17
min )
Rates on 30-year mortgages have been bobbing around above 8%, rising now to their highest point in ten days. Averages were up for most other loan types as well.
( 18
min )
U.S. equities were mixed at midday on Tuesday, Oct. 17, 2023 following a report showing retail sales jumped well above expectations in September, raising concerns of more Fed interest rate hikes ahead to fight inflation.
( 16
min )
Johnson & Johnson beat profit and sales estimates and boosted its outlook as pharmaceutical and medical device sales gain while demand for COVID-19 vaccines wanes.
( 16
min )
Can anything stop U.S. consumers from spending? Not so far, according to the latest figures on retail sales.
( 18
min )
Bank of America's earnings and revenue exceeded forecasts, boosted by an increase in interest income because of higher borrowing costs.
( 17
min )
With Apple leading the pack and other tech firms following, these are the 10 most profitable companies in the world by 12-month trailing net income.
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min )
These investment vehicles provide exposure to Bitcoin without the added expenses and hassle of owning the cryptocurrency.
( 24
min )
Tipflation refers to the increase in the amount you're expected to tip, which can be much higher than higher than what has been customary in the past.
( 24
min )
Goldman Sachs Group's third-quarter profit shrank by about 33% to $2.06 billion, or $5.47 per share, due to impairments in real estate and losses from its consumer banking missteps, despite a boost from higher trading revenues.
( 17
min )
Global smartphone sales fell to their lowest third-quarter level in a decade, owing to a sluggish recovery in consumer spending, according to Counterpoint Research.
( 19
min )
Learn why increases in the cost-of-living adjustment for Social Security benefits don't occur each year automatically.
( 23
min )
The attack on Israel came at a critical time in the Middle East as the country was forming new economic alliances with Saudi Arabia and other nations that would reshape the geopolitical landscape in the region. Professor Simon Mabon of Lancaster University explains how that was playing out, and what might come next as Israeli forces enter Gaza ahead of a cold winter.
( 20
min )
The Self-Employed Contributions Act tax is a U.S. government levy on those who work for themselves, rather than for an outside company.
( 25
min )
The new rules, which significantly constrict sales of advanced semiconductors to the Chinese market, came despite intense lobbying by chip companies.
( 30
min )
President Biden's $7 billion investment in seven regional hydrogen hubs aims to accelerate clean hydrogen production, reduce carbon emissions, and boost energy security, with the goal of achieving net-zero emissions by 2050.
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min )
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 21
min )
The two megabanks continue to shrink their branch networks, with BofA planning to close 20 locations and Wells recently shuttering 15. Both banks are also opening new branches in certain markets.
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The federal government annually limits how much of your earnings are subject to the Social Security tax.
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min )
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Luxury EV carmaker Lucid Group reported deliveries of its Air sedan that fell far short of analysts' estimates.
( 19
min )
(Bloomberg) -- A joint venture tied to a Pacific Investment Management Co. fund surrendered a portfolio of 20 hotels with a $240 million mortgage. Most Read from BloombergTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapIsrael Latest: Gaza Officials Say Hospital Strike Kills HundredsPutin Arrives in China to Meet Xi on Rare International TripWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Israel Latest: Blinken Works on Gaza Aid as Biden Set to VisitThe properties, located in ci
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Shares of VF Corp. soared close to 14% Tuesday as activist investor Engaged Capital disclosed plans to try to boost the apparel retailer's value after taking a major stake in the firm.
( 18
min )
The IRS rolled out new details for how select taxpayers will be able to prepare and file their income taxes online directly with the IRS for free.
( 34
min )
The “lock-in” effect is making the housing market unappealing for both buyers and sellers.
( 34
min )
(Bloomberg) -- U.S. Bancorp surged after the Federal Reserve released it from a commitment to meet requirements for larger banks by the end of next year.Most Read from BloombergStocks Fall, Yields Rise as Hot Data Fuel Fed Bets: Markets WrapPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Biden Plans High-Stakes Israel Visit to Keep War From EscalatingRegulators said the re
( 33
min )
Johnson & Johnson (JNJ) raised its adjusted earnings outlook for the year after posting higher third-quarter revenue, despite a drop in sales of its Covid-19 vaccine.
J&J's shares, down nearly 11% this year, fell more than 1% in afternoon trading.
It
( 23
min )
With the stock price a touch below what Goldman Sachs would be worth in a theoretical liquidation, investors now are effectively paying nothing for the franchise.
( 23
min )
The Biden administration is tightening restrictions on the sale of advanced chips to China, sparking fears of retaliation.
( 17
min )
The “Shark Tank” star sold her property business for $66 million in 2001.
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min )
The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up contributions made by people earning over $145,000 to be directed into an after-tax Roth account. The rule change was originally set to start in 2024, but will […] The post Good News for People Who Make $145K: IRS Delays New Catch-Up Contribution Rule Until 2026 appeared first on SmartReads by SmartAsset.
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With Apple leading the pack and other tech firms following, these are the 10 most profitable companies in the world by 12-month trailing net income.
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min )
The Biden administration is tightening its restriction on exports of artificial intelligence chips to China.
( 18
min )
Wall Street’s top strategist said much depends on whether current prices can be maintained in the short term.
( 34
min )
(Bloomberg) -- Lucid Group Inc.’s output of electric vehicles fell 29% on the quarter, raising questions about its ability to meet a full-year production target of more than 10,000 EVs. Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitPutin Arrives in China to Meet Xi on Rare International TripYour Guide to Understanding the Roots of the Israel-Hamas WarBiden Plans High-Stakes Israel Visit to Keep War From EscalatingIsrael Latest: Army Says Hamas Officials De
( 32
min )
Shares of Nvidia and other semiconductor stocks dropped Tuesday after the U.S. said it would would significantly constrict exports of artificial-intelligence chips, making it harder
( 23
min )
Shares of VF jumped early Tuesday after the Journal reported that activist investor Engaged Capital has built a big stake in the company, which owns retail brands including The North Face and Vans.
The stock was recently up about 9%. It was down 41% this year through Monday's close even after a nea
( 22
min )
Everyone has different strategies they put to work in the stock market, but the goal for all remains the same: to maximize returns. Of course, that applies to the big investing institutions too. The world’s biggest asset manager, BlackRock, boasting ~$9.43 trillion of total assets under management, uses a systematic investing method—an investment strategy that prioritizes the use of data-driven analysis, rigorous testing of investment concepts, and sophisticated computer modeling methods in its
( 35
min )
Shares of VinFast are swinging between small gains and losses Tuesday, a day after the once-hot Vietnamese electric-car startup slid 18% and hit new lows.
The latest declines came after the company's CEO sa
( 23
min )
Engaged Capital has built a big stake in VF, owner of retail brands including Vans and The North Face, and plans to push for a slew of changes including steep cost cuts.
( 27
min )
Chinese electric vehicle giant BYD on Tuesday said it expects third-quarter net profit to as much as double thanks to robust sales and effective cost control. "Despite the increasingly intensified competition in the automobile industry in the third quarter, the company continued to record profit," BYD said in the filing. This was down to the company "leveraging on its improving brand influence, continuously expanding scale advantage and strong industrial chain-wide cost control capability, demonstrating strong resilience", it said.
( 31
min )
Thermo Fisher will acquire proteomics company Olink for $26 per American depositary share in cash.
( 15
min )
Greta Thunberg has joined climate activists blocking a London hotel where oil executives are holding a meeting.
( 44
min )
Bank of America reported unrealized losses of $131.6 billion on securities held until maturity in the third quarter, growing from nearly $106 billion in paper losses in the second quarter. The second-biggest U.S. lender had about $603 billion in held-to-maturity securities, it said in a filing on Tuesday, shrinking from $614 billion in the second quarter. Unrealized losses have come under closer scrutiny by investors since March.
( 32
min )
Choice Hotels International has announced a proposal to acquire Wyndham Hotels & Resorts for $90 a share.
( 17
min )
Tupperware Brands on Tuesday named consumer goods industry veteran Laurie Ann Goldman its new CEO, replacing Miguel Fernandez effective immediately, as the storage container maker looks to turn its struggling business around. Goldman has previously held the top job at beauty products firm Avon North America between 2018 and 2019, and served as the CEO of shapewear maker Spanx from 2002 to 2014. "Now is the right time to bring in new leadership, and Laurie Ann is exceptionally well-suited to advance our long-term strategy and accelerate growth," said Susan Cameron, chair of Tupperware's board.
( 32
min )
1789 Capital, a firm co-founded by Omeed Malik, invests in a “parallel economy” of conservative-friendly companies.
( 29
min )
Lockheed Martin still expects to grow sales this year despite the budget morass that has left Pentagon spending stuck at prior-year levels and preve
( 24
min )
Lockheed shares are up about 10% since war broke out between Israel and Hamas.
( 21
min )
The Wall Street giant reported net profit of $2.06 billion, or $5.47 per share, for the three months ended Sept. 30, it said on Tuesday. Shares of the bank dipped 0.4% in premarket trading. Goldman's ill-fated foray into consumer banking proved costly, losing $3 billion over three years.
( 32
min )
The second-largest U.S. bank on Tuesday posted net income of $7.27 billion, or 91 cents per share, in the three months ended Sept. 30. BofA's investment banking and trading units managed to outperform Wall Street expectations as they reported higher revenue, bucking an industry-wide slump. Meanwhile, lenders have seen their interest income swell as they had more room to charge customers higher rates on loans after the Federal Reserve raised borrowing costs in its fight against inflation.
( 32
min )
Investors are focused on how Johnson & Johnson, now a standalone pharmaceutical and medical devices company, will reach its goal of $57 billion in drug sales by 2025. Excluding its consumer health unit, the company now expects 2023 adjusted profit of $10.07 to $10.13 per share, compared with its previous outlook of $10.00 to $10.10 per share. J&J posted a third-quarter profit of $1.69 per share, compared with $1.62 per share a year earlier.
( 32
min )
The pharma giant has had to slash projections, but investors welcome its plans to cut costs.
( 27
min )
(Bloomberg) -- As the buzz surrounding weight-loss drugs gets ever louder, analysts at Goldman Sachs Group Inc. are predicting a potential $100 billion market opportunity, with Eli Lilly & Co. and Novo Nordisk A/S leading the pack.Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitYour Guide to Understanding the Roots of the Israel-Hamas WarPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in
( 33
min )
In West Palm Beach’s historic Flamingo Park neighborhood, those who own their homes outright are dropping their insurance, and some who can’t are selling their homes.
( 23
min )
Ericsson’s decision not to offer any guidance beyond the fourth quarter, citing market uncertainty, is spooking telecom investors.
( 15
min )
Johnson & Johnson, Bank of America, and Goldman Sachs are scheduled to report third-quarter earnings on Tuesday, Ericsson slumps after withdrawing margin guidance, and NetScout reduces its outlook for fiscal 2024.
( 20
min )
Apple touted over $10 billion in user deposits into its savings accounts with Goldman, but some bank insiders reportedly see the venture as a mistake.
( 32
min )
(Bloomberg) -- Ericsson AB shares fell to the lowest in six years after it said market weakness will persist into the fourth quarter and beyond, as the company struggles to counter reduced investment in fifth-generation mobile infrastructure from US and European operators.Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitYour Guide to Understanding the Roots of the Israel-Hamas WarPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Army
( 33
min )
Lonza said its core earnings growth for 2023 will be above its previously indicated range, but cautioned its profits next year will take a hit from lost Moderna revenue.
( 26
min )
An amended proposal released early Tuesday will be filed by the FTX Debtors by mid-December if approved.
( 31
min )
Wall Street is paying attention to something called "term premia," a demand by bond holders for more yield that can put the brakes on the economy.
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min )
Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 30% slump in third-quarter profit on Thursday but analysts predict robust growth next year as the chip industry emerges from its current downturn. Revenue for the quarter came in at around $17 billion, according to TSMC figures, down 20% from a year earlier and roughly the middle of the company's forecast range. Global demand for semiconductors began to weaken in the second half of last year, but analysts say inventories at smartphone and computer makers are running down and restocking demand is expected to pick up.
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Housing inventory will remain tight enough for home prices to keep appreciating for the next three years, MBA says.
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The Strategic Petroleum Reserve currently sits at 40-year lows at 351 million barrels, according to the Energy Department.
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Ruim acht op de tien bedrijven zeggen afgelopen jaar maatregelen te hebben genomen om groener te werken. Vooral het terugdringen van het energieverbruik was populair.
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Jeff Bezos, de oprichter en topman van webgigant Amazon, is sinds deze week de op een na rijkste persoon op aarde. De Amerikaan passeerde Bernard Arnault en moet alleen nog Elon Musk voor zich dulden.
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Jeff Bezos, de oprichter en topman van webgigant Amazon, is sinds deze week de op een na rijkste persoon op aarde. De Amerikaan passeerde Bernard Arnault en moet alleen nog Elon Musk voor zich dulden.
( 9
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In een eerste strafzaak over verboden handel met Rusland is dinsdag een celstraf van drie jaar en een geldboete van 350.000 euro geëist door het Openbaar Ministerie. De verdachte ondernemer zou stiekem chips en een drone naar Rusland hebben verhandeld.
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Vacansoleil verdwijnt na het faillissement in september in Franse handen. Het online reisbureau maeva neemt Vacansoleil over. Maeva is net als Center Parcs eigendom van de Pierre & Vacances-Center Parcs Group.
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Luchtvaartmaatschappijen die een branchegenoot overnemen, moeten straks aan strengere EU-regels voldoen. Er zijn zorgen over de beperkte concurrentie op sommige routes, zegt Eurocommissaris Didier Reynders in een interview met Financial Times.
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Apple loopt met zijn marktaandeel op de smartphonemarkt steeds verder in op Samsung, zo blijkt uit cijfers van marktonderzoeker Canalys. Van alle verkochte smartphones is 20 procent een Samsung en 17 procent een iPhone.
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In de nieuwe telefoons van Google ligt de nadruk op kunstmatige intelligentie. En dat merk je vooral bij het bewerken van foto's op de Pixel 8 Pro. Nieuwe functies maken het kinderlijk eenvoudig om grenzen tussen echt en nep te vervagen.
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Het pensioenstelsel in Nederland is het beste in de wereld. Daarmee is ons land terug op nummer één, een plek die we vorig jaar moesten afstaan aan IJsland.
( 9
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De internationale trein verleidt voorlopig maar een klein deel van de reizigers die nu nog op Schiphol het vliegtuig pakken, concludeert het Kennisinstituut voor Mobiliteitsbeleid (KiM). Ondanks goedkopere tickets biedt de trein nog te weinig voordelen.
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LinkedIn heeft opnieuw een ontslagronde aangekondigd. Daarbij verliezen 668 mensen hun baan, oftewel 3 procent van het personeelsbestand van het zakelijke sociale netwerk.
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Een mondiaal statement over het afbouwen van fossiele brandstoffen. Vooraf werd gedacht dat de EU daar bij de komende klimaattop in Dubai sterk op wilde inzetten. Maar dan moeten de lidstaten eerst elkaar overtuigen. Dat lukte maandag niet goed.
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Het Rijk is op zoek naar plekken waar na 2030 op grote schaal gebouwd kan worden. Op de lange termijn zijn er meer woningen nodig voor de groeiende bevolking. Demissionair minister Hugo de Jonge (Wonen) kijkt daarvoor naar regio's buiten de Randstad.
( 9
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Een mondiaal statement over het afbouwen van fossiele brandstoffen. Vooraf werd gedacht dat de EU daar bij de komende klimaattop in Dubai sterk op wilde inzetten. Maar dan moeten de lidstaten eerst elkaar overtuigen. Dat lukte maandag niet goed.
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De kosten om windenergie van zee naar land te krijgen, vallen de komende decennia veel hoger uit dan verwacht. Gevreesd wordt dat huishoudens daardoor meer moeten betalen om stroom geleverd te krijgen. Dat meldt demissionair minister Rob Jetten van Klimaat en Energie.
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We’re in the midst of a major economic transition, one that may eventually match the changes of the Industrial Revolution. The change, of course, is the advent of the green economy, and the switch from fossil fuel energy sources to renewable energy. While wind and solar power are soaking up the headlines, a more plausible long-term green power source is already near at hand: hydrogen. Hydrogen is the most abundant of all the chemical elements, and also the simplest by molecular structure. It is
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Country Garden's entire offshore debt will be deemed to be in default if China's largest property developer fails to make a $15 million coupon payment on Tuesday, the end of a 30-day grace period.Non-payment of this tranche is set to trigger cross defaults in other bonds as is standard in bond contracts. Lack of payment - which is expected after Country Garden last week warned about its inability to meet offshore debt obligations - would make the firm the latest in scores of Chinese developers who have defaulted. Country Garden has also missed other offshore payments in the past few weeks though those payments still have not seen their 30-day grace periods lapse.
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How to take over the family finances after a tragedy? How about not like this: I got a call maybe a month or three after my 55-year-old husband died from cancer, leaving our 12-year-old son and me stunned that this big personality had finally, in my husband’s words, “rolled over and called it a life.” I was picking up my elderly parents from the airport when I got an urgent call from the new manny (a male caretaker would be good for the kid, I was advised) saying, “Um, there’s a man here to take
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(Bloomberg) -- US pharmacy chain Rite Aid Corp. is moving quickly to sell its assets in bankruptcy, over the objection of at least one potential bidder, because the company faces looming financial deadlines, a company lawyer said during the chain’s first day under court supervision.Most Read from BloombergIsrael Latest: Biden to Visit; Strikes on Hezbollah TargetsYour Guide to Understanding the Roots of the Israel-Hamas WarIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee
( 33
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Roughly 64% of CEOs believe there will be a full return to office by 2026, according to a survey of more than 1,300 CEOs from KPMG.
( 32
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
( 21
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(Bloomberg) -- Wells Fargo & Co. and JPMorgan Chase & Co. are leading the biggest Wall Street banks in tapping the US investment-grade market after reporting third-quarter earnings.Most Read from BloombergYour Guide to Understanding the Roots of the Israel-Hamas WarIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthIsrael Latest: Minister Tells Blinken to Brace for ‘Long War’US Pushes to Contain Israel-Hamas War, Warns Iran About EscalationStocks Rise Amid Efforts to S
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Among the items claimed were two pasta dishes — one with pesto and one with Bolognese — on the same restaurant bill.
( 32
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Snap stock rallied 12% on Monday in response to an upbeat note from CEO Evan Spiegel to the social media company’s staff about the financial outlook for 2024.
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Bank of America expects slightly higher profits and a 2% gain in net interest income.
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"We need to come together to bring an end to this acrimonious round of talks," the great grandson of Henry Ford said.
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Snap stock rallied 12% on Monday in response to an upbeat note from CEO Evan Spiegel to the social media company’s staff about the financial outlook for 2024.
( 16
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Mortgage rate lock-in effect is making homeowners hold on for longer: “You can’t buy what’s not for sale,” one pro says.
( 33
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Wall Street analysts expect Johnson & Johnson to report earnings of $2.52 per share for the third quarter and sales of $21 billion, according to FactSet.
( 17
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(Bloomberg) -- John Paulson sued his former Puerto Rico business partner, accusing him and several members of his family of siphoning millions of dollars from the hedge fund billionaire to finance a luxury lifestyle.Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitYour Guide to Understanding the Roots of the Israel-Hamas WarPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee Sout
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Bank of America expects slightly higher profits and a2% gain in net interest income.
( 18
min )
Garry Gensler told the Financial Times that AI could cause a financial crash as soon as the late 2020s or early 2030s.
( 32
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(Bloomberg) -- The lucrative broker commission system at the heart of the US residential housing market is facing unprecedented antitrust scrutiny from the Justice Department and two private class-action lawsuits that risk weakening the National Association of Realtors, the industry’s powerful lobbying group.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthIsrael Latest: Minister Warns of Long War as Biden Weighs VisitUS Pushes to Contain Isra
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Only its "fair share."
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(Bloomberg) -- Gasoline is so weak in the US that some refiners are losing money making it. Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden Weighs Trip, Shekel Drops Past 4 Per DollarXi’s $1 Trillion ‘Project of the Century’ Gets a Reality CheckStocks Rise Amid Efforts to Stifle Israel Conflict: Markets WrapWhile benchmark futures reflect gasoline margins t
( 33
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Shares of Charles Schwab rose about 5%, making them the best performers in the S&P 500, after the brokerage giant said bank deposit outflows were slowing.
The bank had about $284 billion in deposits at the end of the third quarter, down 7% from the previous quarter.
Compared with a year earlier, S
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Bill Ford, the great-grandson of company founder Henry Ford, said the strike and escalating contract battle with the union are threatening the industry’s future.
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A financial analyst who was fired by Citibank after claiming a two-sandwich lunch on expenses has lost a legal battle for wrongful dismissal. A British judge has ruled that the bank was entitled to sack Szabolcs Fekete for gross misconduct because he lied when he claimed to have consumed two sandwiches, two coffees and two pasta dishes during a work trip, when he had really shared them with his partner. When the company queried his expenses for a July 2022 business trip to Amsterdam, Fekete emailed: “I was on the business trip by myself and that I had 2 coffees as they were very small.”
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Kathy Vegh Hughes is the "head hen" and founder of Cutest Coops, an Ohio-based company that offers functional yet aesthetically pleasing chicken coops. Vegh Hughes is a first-generation American who recounts how her father came from Budapest, Hungary, with a change of clothes and a ping-pong paddle but was able to develop multiple business ventures. He built companies including a ping-pong center, a pool hall and a related products retail store that eventually turned into five locations. She was
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Not only does O'Leary see a "correction" coming for the office sector, but in New York it may be better "to actually tear these buildings down and rebuild.”
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Rates on 30-year mortgages edged lower Friday, ending the week more than a quarter point lower than the week before. Rates for most other loans types were mostly steady.
( 20
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Henry Ford's great-grandson Bill Ford had a very different message for the union than what members have been hearing from UAW President Shawn Fain.
( 23
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If you keep money in a regular savings account you will generally owe federal income taxes on the interest that is earned. You'll pay taxes at your regular rate the year interest is earned, whether or not you withdraw from … Continue reading → The post How to Avoid Tax on a Savings Account appeared first on SmartAsset Blog.
( 34
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Moderna is sticking by its forecast range for 2023 Covid-19 vaccine sales, after rival [Pfizer cut the sales outlook for its own shot](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-10-16-2023/card/pfizer-stock-falls-on-guidance-cut-other-covid-19-vaccine-makers-also-drop-SA1rMYsazC5f
( 25
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Nishad Singh is the latest member of Sam Bankman-Fried’s inner circle to take the stand after pleading guilty.
( 34
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The automotive industry is shifting, under a combination of impulses, from internal combustion engines to electrically powered vehicles. There has been much commentary on this shift, on its efficacy and practicality, but we’ll focus here on a factor that most people probably don’t think about: lithium. Lithium-ion batteries are the beating heart of electric vehicles (EVs); Elon Musk has said that ‘lithium batteries are the new oil.’ Musk has been right too often for us to ignore him – and on top
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( 16
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CVS stock may also be getting a boost from UnitedHealth earnings last Friday.
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Bitcoin and other cryptocurrencies surged Monday on the rising possibility that the Securities and Exchange Commission soon will approve the first spot Bitcoin ETF.
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Novo Nordisk agreed to buy hypertension drug ocedurenone from KBP Biosciences for up to $1.3 billion.
( 18
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Pfizer will take a big charge for its unused Covid-19 treatments. The U.S. will return treatments of the company’s Paxlovid drug as coronavirus vaccination rates fall.
( 19
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Rite Aid filed for bankruptcy, said it will close more of its stores, and named Jeffrey Stein its new CEO as part of a restructuring.
( 18
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Four years ago, legendary Wall Street investor Carl Icahn made a huge bet against the future of the U.S. shopping mall in what was called the Big Short 2.0. His wager pitted him against hu
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Existing-home sales data for September, set for release this week, is expected to show that sales slumped to the lowest level in more than a decade as mortgage rates rose.
( 22
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Shares of Pfizer are in retreat on the first day of trading after the drug company said sales of its COVID-19 vaccine and its coronavirus treatment are in less than expected and cut revenue expectations for the year by $9 billion. Falling sales of both clipped sales in the second quarter, but Pfizer said in August that it expected a rebound in the second half of 2023. Shares of Pfizer slid nearly 3% before the opening bell Monday and Moderna, which makes a competing vaccine, slid as well.
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(Bloomberg) -- Charles Schwab Corp. reported Monday that its net interest revenue sank 24% to $2.2 billion from the year prior as clients moved cash into higher-yielding products.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationUS to Tighten Curbs on China’s Access to Advanced Chip TechRite Aid Files for Bankruptcy as Debt Load, Opioid Risk RiseIsrael Latest: Biden, Scholz Make
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The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 16, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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Caroline Ellison testified about bribery, FTT, Thai prostitutes, and her surprisingly small equity package.
( 34
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Tom Cowhey, senior vice president of corporate finance, has stepped in as interim finance chief.
( 26
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Ineos Chair Jim Ratcliffe would pay over $1.5 billion for the stake in Manchester United if his bid for the soccer club is accepted by the Glazer family that controls it, Reuters reported on Sunday, citing a person familiar with the matter. Ratcliffe's bid puts the club valuation close to $6.5 billion, excluding net debt of more than $600 million, the report said, topping a rival offer from Qatar's Jassim for 100% of the Premier League club.
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Stocks of Pfizer and rival Covid-19 vaccine makers fell in premarket trading after the drugmaker sliced its sales guidance.
Pfizer said late Friday it was cutting its 2023 revenue guidance range by $9 bill
( 23
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General Motors and Ford have laid out ambitious plans to spend billions developing new electric vehicles while returning capital to investors, all funded by robust profits from combustion trucks and SUVs. The mounting costs of the United Auto Workers strikes, and the eventual rich contract settlements, are putting those plans at risk, analysts said. GM will report third-quarter results Oct. 24, with Ford following on Oct. 26.
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With retirement nearly within your grasp, a few years more of working may seem daunting. But before you make any final decisions, you must make sure you can retire securely. Here, we have a profile with about $1.75 million in savings on top of Social Security. Can you retire now? It depends on factors specific […] The post I’m 62 Years Old, Have $1 Million in Cash, $750k in an IRA and Social Security. Should I Retire Now? appeared first on SmartReads by SmartAsset.
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Todd Combs, investment officer at Buffett’s Berkshire Hathaway, also shared advice for those starting out in their careers.
( 34
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Nvidia stock was falling early Monday following a report the chip maker could face further restrictions on exports of its artificial-intelligence chips to China.
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Over two dozen stocks in the consumer sectors of the S&P 500 set new 52-week lows in October.
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Drugstore chain Rite Aid filed for bankruptcy late Sunday, said it will close more of its stores and named a new CEO as part of a restructuring.
( 17
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A spot Bitcoin ETF will allow BTC be easily tradeable without the headaches and pitfalls of self-custody. Its arrival — likely just around the corner — will mark the moment crypto goes mainstream.
( 33
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(Bloomberg) -- Shell Plc shares hit a record high as rising energy prices and the new CEO’s stronger focus on the core oil and gas business attracted investors.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationUS to Tighten Curbs on China’s Access to Advanced Chip TechIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle Ea
( 32
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Pfizer slashes revenue expectations, a report says an activist has built a stake in News Corp, and Rite Aid files for bankruptcy.
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Traders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US.
( 32
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World shares fell and oil prices were mixed as investors braced Monday for an expected invasion by Israel in the Gaza Strip. Israeli forces, supported by a growing deployment of U.S. warships in the region and the call-up of some 360,000 reservists, have positioned themselves along Gaza’s border and drilled for what Israel said would be a broad campaign to dismantle the militant group Hamas. “The world now holds its breath as Israel prepares for a full-scale ground invasion of Gaza, with only unseasonal torrential rain delaying the seemingly inevitable.”
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Shares fell in Asia as investors braced Monday for an expected invasion by Israel in the Gaza Strip. U.S. futures edged higher while oil prices were little changed. Israeli forces, supported by a growing deployment of U.S. warships in the region and the call-up of some 360,000 reservists, have positioned themselves along Gaza’s border and drilled for what Israel said would be a broad campaign to dismantle the militant group.
( 34
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Jean-Pierre Mustier, the former CEO of Italian bank UniCredit, is taking the helm of Atos' board, the company said. He will be tasked to revive investors' trust and secure the contemplated deal with Kretinsky after a governance crisis and a series of setbacks pummeled Atos' shares, now trading at near record lows. The contemplated sale of Atos' loss-making legacy IT operations to Kretinsky is contested by several minority shareholders and some French politicians.
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Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion Pioneer Natural Resources the oilfield's biggest prize. The CEO concentrated the business, exiting less productive properties and dumping an in-house service arm, and set out a mission to make Pioneer the leanest, profitable and most desirable catch among U.S. shale independents. Sheffield emerged as a shale statesman, encouraging the U.S. to lift a 40-year ban on exports of U.S. crude oil and snatching up rivals while publicly warning of a coming consolidation.
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(Bloomberg) -- Birkenstock Holding Plc, the 249-year-old footwear brand, stumbled onto Wall Street last week in a debut that could quash the fledgling rebound of initial public offerings.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to Understandin
( 34
min )
(Bloomberg) -- Rite Aid Corp., one of the biggest pharmacy chains in the US, filed for bankruptcy as it looks to restructure debts including opioid liabilities. Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to Understanding the Roots of the Israel-
( 32
min )
(Bloomberg) -- China is tightening curbs on short-selling activities as authorities step up efforts to shore up a struggling stock market.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to Understanding the Roots of the Israel-Hamas WarThe Securities
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(Bloomberg) -- US equity futures gained while Treasuries and the dollar slipped, in a sign that traders are weighing the efforts by the US and its allies to prevent further escalation of the Israel-Hamas conflict.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East War
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$22mn case exposes the risks in opaque world of Zürich’s independent wealth advisers
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The drugstore chain faces thousands of lawsuits over opioid crisis and struggled for years with failed mergers.
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U.S. company cites difficulty of completing deal for Liontown Resources after Gina Rinehart bought large stake
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Hui Ka Yan, once one of the world’s richest men, led China Evergrande through its rise and fall. His failures in the aftermath made the property developer’s collapse a bigger problem for the country’s slumping housing market.
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Seniors choosing Medicare plans can fall into traps leaving them with higher costs or fewer doctors than they expected. ‘I was so stupid.’
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(Bloomberg) -- Albemarle Corp., the world’s largest lithium producer, has walked away from its A$6.6 billion ($4.2 billion) takeover of Australian miner Liontown Resources Ltd.Most Read from BloombergIsrael Latest: Army Says Over 600,000 Gazans Have Fled SouthUS Pushes Bid to Avert Wider Israel War After Iran WarningIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsYour Guide to Understanding the Roots of the Israel-Hamas WarGlobal Markets Stable as US Pushes to Contain Middle East WarTh
( 32
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The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.
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Personal loan rates edged up to 21.01% this week, adding 10 basis points since last week when the average personal loan rate stood at 20.91%.
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The S&P 500 rose 1.1% on Monday, Oct. 16, 2023, posting solid gains as the markets kick off a week of noteworthy earnings reports.
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Raymond James Financial shares gained as the firm agreed to use tax-management technology provided by JPMorgan Chase.
( 17
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Moderna shares fell to an almost three-year low after the biotech firm reiterated its full-year guidance but warned it couldn't yet predict COVID-19 vaccine demand.
( 17
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Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of a downtrend.
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Bitcoin's price spiked temporarily Monday after an incorrect report that Blackrock's bitcoin spot exchange-traded fund (ETF) had been approved.
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What to know about how the versatile and ubiquitous investment vehicles known as exchange-traded funds, or ETFs, are created.
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The Federal Reserve shouldn’t raise its influential fed funds rate above the 22-year high where it’s been since July, Patrick Harker, president of the Federal Reserve Bank of Philadelphia, said Monday.
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A hardship default is a failure to make a scheduled payment on a debt due to a financial setback.
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Dropshipping can be a lucrative business model with minimal startup costs. Here's what you need to know to start a dropshipping business.
( 24
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These companies had the most complaints about student loans reported to the Consumer Finance Protection Bureau.
( 25
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Starting an online business can be a powerful way to launch a new product or service while reaching a wider audience. With market research, a solid business plan, a strong website, and a digital marketing strategy, you can get started in growing your company effectively.
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Regulators reportedly want to expand the list of AI semiconductor chips that fall under export control rules, a move which could target chips Nvidia designed just to meet the export guidelines.
( 18
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Tax-loss harvesting is selling securities at a loss to offset the amount of capital gains tax owed on other investments.
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Lululemon and Hubbell will join the S&P 500 on Wednesday, which could can benefit the companies by boosting name recognition and accessibility of the stock.
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U.S. equities gained at midday on Monday, Oct. 16, 2023, to start a busy week with key corporate earnings reports.
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Exchange-traded funds (ETFs) are ideal instruments for beginning traders and investors. Learn the seven best strategies for trading ETFs.
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Find out how the underground or shadow economy can affect the accuracy of the calculation of a country's gross domestic product (GDP).
( 21
min )
"Agency MBS Purchase" typically refers to the U.S. Federal Reserve's policy of purchasing certain government-backed securities.
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Charles Schwab reported profit that beat estimates, and said it plans to cut $1 billion in incremental annual expenses.
( 17
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Activist investor Starboard Value reportedly added to its stake in News Corp, and is targeting changes to Rupert Murdoch's media company.
( 17
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Rates on 30-year mortgages edged lower Friday, ending the week more than a quarter point lower than the week before. Rates for most other loans types were mostly steady.
( 19
min )
Trading psychology refers to the emotions and mental states that help to dictate success or failure in trading securities.
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Drugstore company Rite Aid filed for bankruptcy, facing slowing sales and opioid litigation. The company will also close underperforming stores according to a turnaround plan agreed upon by its key creditors.
( 17
min )
After getting engaged, I knew we needed to open a high-yield savings account to save money for the wedding. We chose Wealthfront's cash account which pays 4.80% APY.
( 19
min )
Medicare provides health coverage for older adults, while Medicaid covers healthcare costs for people with low incomes. Learn more about Medicare vs. Medicaid.
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Novo Nordisk agreed to buy hypertension drug ocedurenone from KBP Biosciences for up to $1.3 billion.
( 17
min )
An independent contractor is a person or entity engaged in a work performance agreement with another entity as a non-employee.
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Expense ratios can be higher for 401(k) accounts in comparison to standard, self-directed brokerage accounts. In this article, we'll explain why.
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Learn how exchange-traded funds (ETFs) distribute their dividends and the difference between qualified and non-qualified dividends.
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Eligible expenses for ABLE accounts are referred to as qualified disability expenses (QDEs) and cover a broad range of items and services.
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Tracking errors tend to be small, but they can still adversely affect your returns. Learn how to protect against them.
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Mutual funds and ETFs are both created from the concept of pooled fund investing which bundles securities together to offer investors the benefit of a diversified portfolio. Learn about some of the differences that make them attractive to investors.
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min )
ICE LIBOR was a bank-to-bank average interest rate charged for short-term loans. Once published, it was used as a benchmark for various loans and corporate debt.
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Comparative advantage is becoming increasingly relevant due to globalization, and this has affected both advanced and developing economies.
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The current account records a country's imports and exports of goods and services, foreign investors' payments, and transfers, such as foreign aid. Learn why it matters.
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Understanding the differences between bond funds and bond ETFs can help investors choose the instrument that is best for building a diversified bond portfolio.
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De Nederlandse Voedsel- en Warenautoriteit (NVWA) heeft 46 veehouderijen uit voorzorg tijdelijk stilgelegd. De veehouderijen mogen voorlopig geen dieren, mest en melk afvoeren, omdat er op de boerderijen een bestrijdingsmiddel tegen muizen is gebruikt.
( 8
min )
De EU-landen komen nog niet tot een akkoord over de benodigde nieuwe begrotingsregels, denkt demissionair minister van Financiën Sigrid Kaag. Ze zegt dat de ministers van de 27 EU-landen er bij hun overleg deze week in ieder geval nog niet uitkomen.
( 9
min )
Beelden van geweld door Hamas en teksten die waarschuwen dat kinderen worden vermoord in Israël. Het is plotseling te zien in reclames in onschuldige telefoonspelletjes. "Laat kinderen even geen online spelletjes zoals Angry Birds spelen", zegt Justine Pardoen, oprichter van Bureau Jeugd en Media.
( 11
min )
Het verbeterplan van het Afvalfonds om meer flessen met statiegeld in te zamelen is niet goed genoeg, vindt de Inspectie Leefomgeving en Transport (ILT). De inspectie wil zien hoeveel inzamelpunten erbij komen en wil ook weten waar en wanneer.
( 9
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De fiscus heeft de eerste dwangbevelen gestuurd naar ondernemers die sinds de coronacrisis een belastingschuld
hebben en deze niet betalen. In sommige gevallen zijn zelfs stappen gezet om beslag te leggen op bezittingen van de bedrijven.
( 9
min )
Zo'n 60.000 ondernemers hebben een achterstand bij het betalen van hun coronaschuld aan de Belastingdienst. Dat is bijna een kwart van alle bedrijven die nog een schuld uit de coronatijd hebben openstaan bij de fiscus.
( 8
min )
Ook bij accountantskantoor Deloitte is gefraudeerd met toetsen. Bestuurslid Rob Bergmans treedt terug vanwege de voorlopige resultaten van een intern onderzoek. Eerder dit jaar is dergelijke fraude al bij branchegenoot KPMG aan het licht gekomen.
( 9
min )
Banken en andere geldverstrekkers hebben afgelopen week opnieuw hun hypotheekrentes verhoogd. Sinds enkele weken lopen de rentes op hypotheken steeds verder op. Dit komt door de aanhoudende inflatie.
( 9
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Een groep woningverhuurders heeft de Nederlandse Staat gedagvaard. Ze zijn het oneens met regels die de opbrengst van verhuur aan banden leggen en willen een schadevergoeding.
( 9
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Een groep woningverhuurders heeft de Nederlandse Staat gedagvaard. Ze zijn het oneens met regels die de opbrengst van verhuur aan banden leggen en willen een schadevergoeding.
( 9
min )
Nederlandse supermarkten hebben vis verkocht die is gemaakt met Chinese dwangarbeid. Daarbij gaat het om producten van het Britse bedrijf Nomad Foods, dat onder meer het merk Iglo op de markt brengt. Dat blijkt uit uitgebreid onderzoek van het journalistieke platform The Outlaw Ocean.
( 11
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Zo'n 29.000 bedrijven hebben in de afgelopen drie maanden besloten te stoppen. Dat is 7 procent meer dan een jaar eerder. Uit cijfers van de Kamer van Koophandel (KVK) blijkt ook dat het aantal faillissementen bijna is verdubbeld.
( 9
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Nederlandse supermarkten hebben vis verkocht die is gemaakt met Chinese dwangarbeid. Daarbij gaat het om producten van het Britse bedrijf Nomad Foods, dat onder meer het merk Iglo op de markt brengt. Dat blijkt uit uitgebreid onderzoek van het journalistieke platform The Outlaw Ocean.
( 10
min )
The headwinds are piling up on our economic horizon, just a few blurs of cloud right now, at the edge of the horizon – and we just don’t know what’s coming next. The headwinds include factors we all know about: persistent inflation, the Fed’s higher interest rates and tighter monetary policy, the tighter business and consumer credit environment, and the fast-rising government debt which at $33.57 trillion already measures 103% of the total GDP. We’ve been reading about these headwinds for severa
( 35
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After a rough year, shareholders will want to see signs that the company’s woes are receding in the rearview mirror.
( 22
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The proliferation of freight brokerages is giving truckers a lifeline. The post Freight recession unlike any other in history appeared first on FreightWaves.
( 36
min )
This week includes earnings reports from Tesla, Netflix, and Goldman Sachs.
( 17
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HOUSTON (Reuters) -Oil futures fell on Monday on reports the U.S. could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set in that country, while traders see the Israel-Hamas conflict not affecting crude supplies in the short term. Brent futures were down 79 cents, or 0.87%, at $90.10 a barrel at 12:01 p.m. CDT (1701 GMT). U.S. West Texas Intermediate (WTI) crude fell by 0.53 cents, or 0.6%, to $87.16 a barrel.
( 32
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While most low earners spend down their paychecks each month, about half of people making more than $100,000 a year also run out of money.
( 24
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More than 50 S&P 500 companies are set to report this week including Tesla, Netflix, TSMC, and Goldman Sachs.
( 23
min )
The Magnificent Eight punch well above their fundamental weight, thanks to premium valuation multiples.
( 20
min )
It wasn’t that long ago that BofA seemed poised to become America’s most lucrative bank. A big bet on bonds changed all that.
( 23
min )
Investors will do better in Treasury inflation-protected securities, or TIPS, versus regular Treasury bonds if inflation runs at more than 2.35%, which seems likely.
( 23
min )
Insurers have been hit by a one-two punch of natural disasters and lackluster financial markets. But there’s a silver lining: the profits and surpluses that come with rising premiums.
( 68
min )
(Bloomberg) -- The tagline from Wall Street was that 2023 was the year of the bond. Instead, fund managers are coming to terms with one of the toughest years ever.Most Read from BloombergIsrael Latest: Army Says Over 600,000 Gazans Have Fled SouthUS Pushes Bid to Avert Wider Israel War After Iran WarningIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsYour Guide to Understanding the Roots of the Israel-Hamas WarStanford Suspends Teacher as Mideast Conflict Roils CampusLacy Hunt, Hoising
( 33
min )
Gas prices across the U.S. dropped, even in notoriously expensive California, shrugging off escalating Mideast tensions and oil prices for now.
( 32
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Third-quarter earnings season picks up with reports from Morgan Stanley, Bank of America, Tesla, Goldman Sachs, Netflix, TSMC, Johnson & Johnson, and Lockheed Martin.
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You can get Social Security benefits and work at the same time. But if you haven't reached full retirement age, your benefits could be reduced.
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Find out how to determine when it's the right time for you to switch from mutual funds to ETFs, including the benefits of ETFs and who they are best for.
( 23
min )
GM and Unifor Deal Details Are Out. You Can't Blame Canada For The UAW Log Jam.
( 21
min )
(Bloomberg) -- With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to U
( 34
min )
(Bloomberg) -- With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech.Most Read from BloombergIsrael Latest: Egypt Says Response Has Exceeded Self-DefenseIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsYour Guide to Understanding the Roots of the Israel-Hamas WarStanford Suspends Teacher as Mideast Conflict Roils CampusBlinken to Visit Israel Again as Lebanon
( 34
min )
Managing your taxes can be one of the most complex aspects of estate planning and a new IRS rule change continues that trend. The rule, published at the end of March, changes how the step-up in basis applies to assets held in an irrevocable trust. If you need help interpreting the IRS rule change or setting […] The post Want to Leave Assets to Heirs? IRS Rule Change Should Have You Rethinking Your Irrevocable Trust appeared first on SmartReads CMS - SmartAsset.
( 33
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The IRS recently announced a major tax enforcement initiative that will increase scrutiny on high-income earners, partnerships and people with foreign bank accounts. The agency said the effort would “restore fairness to [the] tax system” by focusing on wealthy taxpayers who have seen sharp declines in audit rates over the past decade. A financial advisor […] The post The IRS Is Cracking Down on These High-Income Earners. Are You One of Them? appeared first on SmartReads by SmartAsset.
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(Bloomberg) -- Traders are preparing for another week of wild price swings as continuing conflict in the Middle East fuels demand for haven assets and prompts investors to reconsider their views on global interest rates. Most Read from BloombergIsrael Latest: US Says It’s Warned Iran in Back-Channel TalksIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsYour Guide to Understanding the Roots of the Israel-Hamas WarStanford Suspends Teacher as Mideast Conflict Roils CampusIsrael Latest: Is
( 33
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By Louis Juricic and Sarina Isaacs
( 34
min )
Renaissance Capital LLC’s passive IPO-focused ETFs loaded up on Palantir, Rivian, and Kenvue stock, and exited an investment in Li Auto in the third quarter.
( 20
min )
Charles and Kathleen Moore are about to have their day in the Supreme Court over a $15,000 tax bill they contend is unconstitutional. The couple from Redmond, Washington, claim they had to pay the money because of their investment in an Indian company from which, as Charles Moore, 62, said in a sworn statement, they “have never received a distribution, dividend, or other payment.” The Moores are the public face of a high court case backed by business and conservative political interests that could call into question other parts of the U.S. tax code and rule out a much-discussed but never-enacted tax on wealth.
( 34
min )
Older relatives often have let their finances fall into disarray by the time you step in. Here's a primer on how to help right things without angering them.
( 24
min )
This week in Borderlands: Mexico remains top US trade partner in August, Laredo No. 1 gateway; Eden Green begins $40M vertical farming expansion near Dallas; Production, exports of Mexican-built trucks fall for second straight month; and Port of Brownsville receives $11.5M to overhaul cargo dock. The post Borderlands: Mexico top US trade partner in August, Laredo No. 1 gateway appeared first on FreightWaves.
( 34
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Individual investors are dialing back on risks across markets.
( 27
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Surging interest expenses are wiping out profits for some issuers of risky loans.
( 27
min )
Sales growth has slowed in the U.S. as car companies are finding a limited pool of consumers willing to pay more for these models.
( 27
min )
Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla reaches a production milestone; OSHA violations plague GM plant; and VinFast buys a battery company.
( 33
min )
Eli Lilly (LLY) shares are reaching new heights, up 67% in 2023. Consistent buy pressure is lifting the stock.
( 32
min )
Vertex Pharmaceuticals (VRTX) shares are climbing, up 28% in 2023. Consistent buy pressure is lifting the shares.
( 32
min )
Novo Nordisk (NVO) shares are surging, up 51% in 2023. While the company recently raised its guidance due to Ozempic and Wegovy, mega demand for the stock is powering the surge.
( 32
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The first is how much the conflict in the Middle East could escalate and what it might mean for supplies in the world's top oil producing region. Crude prices got to finish the just-ended week up as much as 7%, after somewhat of a roller-coaster. An initial 4% gain on Monday from concerns over the latest Middle East war was pared to just 1% by Thursday from data showing the worst weekly US crude build in eight months, on top of record production.
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Is a 3% cash discount enough to make people ditch credit cards and payment apps?
( 27
min )
The accounting rate of return (ARR) is a formula that measures the net profit, or return, expected on an investment compared to the initial cost.
( 26
min )
Custom basket ETFs are exchange-traded funds taking advantage of the SEC’s “ETF Rule” passed in 2019. Learn more here.
( 22
min )
ETFs offer more convenient ways to access the many benefits of covered call strategies, such as lower volatility.
( 22
min )
Learn about the difference between an index fund and an exchange-traded fund, or ETF, and how index fund investing compares to value investing.
( 22
min )
Discover four viable hedging strategies with index-based ETFs, including the use of inverse and leveraged funds, as well as call writing and buying puts.
( 23
min )
Can some experts possibly be right about Americans saving too much for our own good?
( 26
min )
Net foreign factor income (NFFI) is the difference between a nation’s gross national product (GNP) and gross domestic product (GDP).
( 20
min )
Communism and socialism are political and economic systems that are historically related but often confused with each other. Here's how they compare.
( 27
min )
The Old-Age and Survivors Insurance Trust Fund is a U.S. Treasury account that pays Social Security benefits to retired workers, their survivors, and eligible children.
( 25
min )
Japan's negative interest rate policy has failed to generate economic growth, but the central bank keeps trying to print up prosperity.
( 23
min )
You can get Social Security benefits and work at the same time. But if you haven't reached full retirement age, your benefits could be reduced.
( 29
min )
Find out how to determine when it's the right time for you to switch from mutual funds to ETFs, including the benefits of ETFs and who they are best for.
( 23
min )
Learn more about Medicare Part D, which is a prescription drug benefit program offered as part of Medicare.
( 26
min )
Property, plant, and equipment (PP&E) are long-term assets vital to business operations and not easily converted into cash.
( 26
min )
Medicare is a U.S. government program providing health insurance mostly to people 65 and older.
( 30
min )
The massive Baby Boomer generation is now retiring in droves. Will they bankrupt the Social Security system?
( 25
min )
Actor and comedian Kevin Hart has made millions from his comedy career, business ventures, and investments, giving him a net worth of about $450 million.
( 20
min )
The number of 'centi-millionaires' worldwide has more than doubled in the last 20 years, with 38% of them living in the U.S. and 775 based in New York City.
( 18
min )
The Canada Revenue Agency (CRA) or Agence du revenu du Canada is a federal agency that collects taxes and administers tax laws for the Canadian government.
( 21
min )
Each is different in their own way, but which system is better: the currency board or the central bank? Find out more about these systems in this article.
( 25
min )
ETFs have lower costs than index funds, but the cost to buy and sell can be more expensive.
( 22
min )
TikTok heeft naar eigen zeggen actie ondernomen bij het bestrijden van nepnieuws en haatzaaiende berichten rond het conflict in Israël. De videoapp reageert daarmee op een eis van Eurocommissaris Thierry Breton.
( 8
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De rente op studieschulden is met ruim 2,5 procent veel hoger dan de afgelopen jaren. Is dat reden voor extra haast met aflossen ? Of loont het om juist langzaamaan te doen? Experts wijzen op dat je gevoel het belangrijkst is.
( 9
min )
De Wereldbank is onder de nieuwe president Ajay Banga een nieuwe richting ingeslagen. Die indruk heeft vertrekkend Wereldbank-bewindvoerder Koen Davidse.
( 10
min )
Vakbond FNV organiseert dinsdag 24 oktober een landelijke stakingsdag in de houthandel voor een nieuwe en betere cao. De bond roept verder voor komende maandag op tot werkonderbrekingen in Zuid-Holland en Zeeland.
( 8
min )
NU.nl kiest elke dag een actueel onderwerp waarover jij uitgebreid met medelezers van gedachten kunt wisselen. Vandaag gaat het over de wegwerpbeker die per januari verboden is. Kantoren, attractieparken en ziekenhuizen weten nog niet hoe ze de wegwerpbeker gaan vervangen. Oplossingen zijn mogelijk inruilbekers, meer vaatwassers en gratis herbruikbare flesjes. Wat lijkt jou een goed alternatief? Of neem je nu al een herbruikbare fles of mok mee als je de deur uitgaat?
( 7
min )
Vandaag start een internationaal onderzoek naar het zeewater en de grond rondom Fukushima. Japan loost hier sinds afgelopen zomer afvalwater van de verwoeste kerncentrale in de Stille Oceaan. En daar is niet iedereen over te spreken.
( 9
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NU.nl kiest elke dag een actueel onderwerp waarover jij uitgebreid met medelezers van gedachten kunt wisselen. Vandaag gaat het over de wegwerpbeker die per januari verboden is. Kantoren, attractieparken en ziekenhuizen weten nog niet hoe ze de wegwerpbeker gaan vervangen. Oplossingen zijn mogelijk inruilbekers, meer vaatwassers en gratis herbruikbare flesjes. Wat lijkt jou een goed alternatief? Of neem je nu al een herbruikbare fles of mok mee als je de deur uitgaat?
( 7
min )
China schendt op grote schaal mensenrechten in de visserij-industrie. Personeel aan boord van vissersboten en in de verwerkingsfabrieken, onder wie Oeigoeren en Noord-Koreanen, heeft te maken met mensenhandel, geweld en dwangarbeid. Daarbij vallen zelfs doden, blijkt uit onderzoek van journalisten van The Outlaw Ocean Project.
( 10
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Kantoren, attractieparken en ziekenhuizen weten nog niet hoe ze de wegwerpbeker gaan vervangen als die per januari verboden is, blijkt uit een rondgang van NU.nl. Onderwijsinstellingen hebben juist al wat ervaring opgedaan: "De mokkendiefstal neemt af."
( 13
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China schendt op grote schaal mensenrechten in de visserij-industrie. Personeel aan boord van vissersboten en in de verwerkingsfabrieken, onder wie Oeigoeren en Noord-Koreanen, heeft te maken met mensenhandel, geweld en dwangarbeid. Daarbij vallen zelfs doden, blijkt uit onderzoek van journalisten van The Outlaw Ocean Project.
( 10
min )
A genuine progress indicator (GPI) is a metric that measures the economic growth of a country. It is an alternative to gross domestic product (GDP).
( 24
min )
Exchange traded products (ETPs) are types of securities that track underlying securities, an index, or other financial instruments. ETPs trade on exchanges similar to stocks.
( 22
min )
An international exchange-traded fund (ETF) is any ETF that invests in foreign-based securities.
( 22
min )
Women are investing and saving for retirement at higher rates, with younger generations of women leading recent gains, Fidelity found.
( 18
min )
An exchange-traded fund (ETF) is a basket of securities that tracks an underlying index. ETFs can contain investments such as stocks and bonds.
( 39
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Despite beating on profit, Domino's Pizza (DPZ) posted weaker-than-expected revenue for its third quarter as inflation-weary customers pulled back on ordering pizza.
( 18
min )
The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded.
( 28
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A decade after the financial crisis, Neel Kashkari, the man who oversaw TARP, answers questions on lessons learned.
( 23
min )
Handelsgesetzbuch is a law that governs the commercial code for German companies and includes regulations on the preparation of financial statements.
( 23
min )
There are at least four factors that affect change in futures prices, including risk free-interest rates, particularly in a no-arbitrage environment.
( 25
min )
The Conference Board (CB) is a not-for-profit research organization which distributes vital economic information to its peer-to-peer business members.
( 28
min )
Insurers have been hit by a one-two punch of natural disasters and lackluster financial markets. But there’s a silver lining: the profits and surpluses that come with rising premiums.
( 68
min )
(Bloomberg) -- Bond traders got a glimpse this week of what the eventual end of the Federal Reserve’s hiking cycle may look like.Most Read from BloombergIsrael Latest: Military Says It’s Preparing Wide Assault on GazaIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerYour Guide to Understanding the Roots of the Israel-Hamas WarWider War in Middle East Could Tip the World Economy Into RecessionAmid volatile trading conditi
( 33
min )
Nvidia offers luxurious office spaces in which employees can gather, but there's no return-to-office mandate.
( 34
min )
The refinery that supplies much of Scotland and northern England’s petrol and diesel could be at risk of cutbacks or even closure if Labour pushes ahead with plans to ban new oil and gas projects in the North Sea, its owners have warned.
( 34
min )
Prices at the pump are tumbling, even as war rages in the Middle East.
( 27
min )
Hundreds of billions of dollars have been invested worldwide. Here’s what you need to know about how much the technology has, and hasn’t, changed things.
( 29
min )
(Bloomberg) -- Investors are growing more confident that a year-long slump in profits for Corporate America is about to end. Yet a fragile economic outlook, wary consumers and the highest interest rates in 16 years mean any relief for stocks could be short-lived.Most Read from BloombergIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsIsrael Latest: Rockets Target Tel Aviv; Hezbollah Claims StrikeIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Hel
( 35
min )
(Bloomberg) -- With the Securities and Exchange Commission opting against appealing a ruling that paves the way for Grayscale Investments LLC to convert its Bitcoin trust into an exchange-traded fund, analysts are now trying to gauge how the process may unfold from here. Most Read from BloombergIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsIsrael Latest: Rockets Target Tel Aviv; Hezbollah Claims StrikeIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican
( 32
min )
(Bloomberg) -- Federal Reserve officials look set to hold interest rates steady for the second time in a row next month — but they’re far from calling an end to their tightening campaign.Most Read from BloombergIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Blinken Says Must Stop Conflict From SpreadingWider War in Middle East Could Tip the World Economy Into RecessionNYC Boosts Security Ahead of ‘All O
( 34
min )
Mortgage assumption allows the seller of a home to pass along to the buyer an existing home loan, negotiated earlier at low interest rates.
( 32
min )
There is a long history of legendary CEO returns, but more companies have regretted them than rejoiced.
( 27
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(Bloomberg) -- Igor Sechin, the boss of Russia’s state oil company and longtime associate of Vladimir Putin, celebrated New Year’s Eve on a yacht anchored off Palm Jumeirah, the man-made Dubai island dotted with oligarch-friendly beachfront villas. Most Read from BloombergIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerYour Guide to Understanding the Roots of th
( 40
min )
The agency is targeting partnerships with more than $10 million in income and individuals with more than $1 million in income and $250,000 of tax debt.
( 24
min )
India said on Saturday it will maintain the floor price for basmati rice exports until further notice, according to a government order, as the world’s biggest exporter continues to curb overseas shipments of the grain. India imposed a $1,200 per ton minimum export price (MEP) on basmati rice shipments in August to calm local prices ahead of key state elections. A government order on Saturday said it would maintain the MEP, initially in place until Sunday, until further notice.
( 31
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A wager against U.S. shopping malls looked like a sure thing but hasn’t worked out that way.
( 28
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UAW workers are striking for better pay, among other benefits. Here's a look at how UAW hourly wages compare with other workers in striking states.
( 33
min )
Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters. The vast majority of blue-chip companies have steered clear of crypto as the volatility of bitcoin and other tokens renders them impractical for commerce. Patchy regulation and high energy usage have also prevented the spread of crypto as a means of payment.
( 33
min )
Conflict in the Middle East, surging global interest rates and elevated oil prices threaten a fragile recovery.
( 28
min )
Apple Inc. is facing an expanded lawsuit with more than three dozen victims alleging that Apple's AirTag the "weapon of choice" for stalkers and abusers.
( 33
min )
Despite banks continuing to see benefits of high rates, worries about deposit costs and consumer credit still lurk.
( 27
min )
Aardappeltelers op bepaalde typen grond (zand en löss) moeten zondag toch echt hun aardappels hebben geoogst, willen ze strafmaatregelen voorkomen. Veel boeren zeggen dat hun gewassen meer tijd nodig hebben.
( 10
min )
Het aantal bedrijven dat failliet is gegaan is afgelopen jaar flink toegenomen. Voor werknemers zorgt een faillissement voor een onzekere tijd. Ze verliezen hun baan en daarmee hun inkomen. Wat zijn hun rechten?
( 10
min )
Heb je nu een DSL-internetabonnement van bijvoorbeeld Youfone of Odido en legt KPN glasvezel bij je aan? Dan ben je binnenkort waarschijnlijk een stuk duurder uit. De goedkopere internetabonnementen zijn niet verkrijgbaar op het glasvezelnetwerk van KPN.
( 10
min )
Steeds meer woningen in Nederland zijn voor internet, televisie en telefonie aangesloten op een glasvezelnetwerk. Maar er zijn regionale prijsverschillen voor glasvezelabonnementen. Wat je voor je abonnement betaalt, is afhankelijk van de glasvezelkabel die naar jouw huis is aangelegd.
( 10
min )
De Europese Unie is niet van plan zich economisch los te maken van China. Brussel wil minder afhankelijk worden van het Aziatische land, maar de handelsbelangen zijn te groot, zei EU-buitenlandchef Josep Borrell.
( 9
min )
Ferrari accepteert vanaf nu cryptomunten als betaalmiddel bij de verkoop van zijn luxe sportauto's. Voortaan kunnen klanten in de Verenigde Staten met de digitale munten betalen. Begin volgend jaar zou dit ook in Europese landen mogelijk moeten zijn.
( 9
min )
Het aantal bedrijven dat failliet is gegaan is afgelopen jaar flink toegenomen. Voor werknemers zorgt een faillissement voor een onzekere tijd. Ze verliezen hun baan en daarmee hun inkomen. Wat zijn hun rechten?
( 9
min )
Aan de periode waarin de lonen alsmaar harder omhooggaan lijkt een einde gekomen. President Klaas Knot van De Nederlandsche Bank ziet de "eerste signalen van afnemende loondruk".
( 10
min )
Sinds Wehkamp 50 cent per geretourneerd artikel vraagt, krijgt de webwinkel vijfduizend producten per dag minder terug. Wehkamp gaat ook klanten stimuleren om een bestelling bij een afhaalpunt van DHL op te halen door 50 cent te rekenen voor bezorging thuis. Hoeveel geld heb jij er voor over om je bestelling retour te sturen? En zou jij je pakketje bij een afhaalpunt laten leveren als thuisbezorgen geld kost? Praat mee.
( 8
min )
De rente op studieleningen gaat flink stijgen. Maar wat betekent dit nou in de praktijk voor jouw studieschuld?
( 3
min )
When looking at third-quarter earnings “beats” and “misses” don't forget to think about the bigger picture.
( 24
min )
New car prices have risen and interest rates have spiked. That means car purchases are taking a larger share of household budgets. That’s not good for buyers or investors.
( 35
min )
Fed members seem to have woken up to the potential impact higher bond yields can have on the stock market. A pivot may be coming.
( 19
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Strong earnings and reduced valuations could propel tech stocks higher, lifting the broad market in the seasonally strong fourth quarter.
( 26
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Here are some of the major companies whose stocks moved on the week’s news.
( 27
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US crude oil production surged to a record high of 13.2 million barrels a day, above the prior record of 13.1 million hit in February 2020.
( 33
min )
Covid-19 product sales are expected to dry up.
Pfizer said Friday it is cutting its guidance for the year by $9 billion due to changes in expected sales of its Covid-19 vaccine and treatment Paxlovid.
Pfizer lowered its guidance to between $58 billion and $61 billion from between $67 billion and $
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The best available nationwide CD rate today jumped to 6.50% for an eight-month term, although only for a maximum deposit of $5,000.
( 20
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Pfizer Inc on Friday cut forecast for 2023 revenue to between $58 billion and $61 billion, from $67 billion to $70 billion previously. Shares of the company were down about 7% in extended trading. The company also cut its forecast for revenue from its COVID pill Paxlovid to about $7 billion from a prior forecast of $8 billion.
( 31
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After two years co-piloting the biggest acquisition in video game history past an onslaught of challenges, Xbox CEO Phil Spencer now moves on to his next quest: making Microsoft's takeover of Activision Blizzard worth the hassle. Microsoft, which owns the Xbox gaming system, closed its $69 billion deal to buy game-maker Activision Blizzard on Friday after fending off global opposition from antitrust regulators and rivals. It marks a career-defining moment for Spencer, who first joined Microsoft as an intern in 1988 and has helmed Xbox since 2014.
( 35
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Gold was having a meh year until Hamas tacked Israel. Here’s what could drive prices higher, according to one metals watcher. Plus, market newsletter commentary on interest rates, bank downgrades, and small-cap dividends.
( 24
min )
Higher interest rates are making lending by the nation’s largest banks more profitable, while consumers and the economy remain surprisingly strong in the face of rate hikes.
( 31
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In the largest tax audit in U.S. history, the IRS rejected Microsoft’s efforts to assign profits to a small factory in Puerto Rico.
( 34
min )
Open enrollment for Medicare opens Sunday, and seniors could have dozens of options. During the enrollment period, which ends Dec. 7, people will have the opportunity to choose between traditional Medicare and privately run Medicare Advantage plans in their area, as well as prescription drug plans. The non-profit KFF analyzed a national survey of people with Medicare and found that only about a third compared their coverage options during a recent enrollment period.
( 31
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(Bloomberg) -- Japan’s Finance Minister Shunichi Suzuki sent a warning shot to investors on Friday, relating that he had told his Group of 20 counterparts that there will be cases when appropriate responses are required in foreign exchange markets. Most Read from BloombergIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerNYC Boosts Security Ahead of ‘All Out for Palestine’ ProtestWider War in Middle East Could Tip the Wo
( 32
min )
Policies can have a ripple effect, often going beyond their initial intent. We’re seeing this now from the Federal Reserve, which has made it clear that, in response to stubbornly persistent inflation, it will be holding interest rates higher for longer. This trend aligns with observations made by David Kostin, Chief US Equity Strategist at Goldman Sachs. Kostin points out that stocks have shown a strong return on equity (ROE) over the past several decades, reflecting a positive combination of p
( 35
min )
Ford Motor is considering cutting a work shift at the plant where it builds its electric F-150 Lightning pickup as demand for the EV truck falters.
( 28
min )
Microsoft's success could embolden other big technology companies seeking a better foothold in videogames.
( 17
min )
Medicare premiums will rise by 6% in 2024, taking a bite out of Social Security's 3.2% cost of living adjustment. See what you'll be paying.
( 33
min )
JPMorgan's wider unrealized bond losses may indicate that Bank of America's could top $130 billion when the bank reports its third quarter next week.
( 22
min )
BlockFi lost “a little over a billion dollars” due to its involvement with FTX and Alameda Research, Zac Prince said.
( 32
min )
(Bloomberg) -- The rout in the US government bond market can be attributed to the absence of all of its anchors, according to Mohamed El-Erian.Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Saudis Pause Israel Normalization in Blow to USIsrael Latest: UN Staff Given Evacuation Order for Northern GazaJeff Bezos Buys His Florida Neighbor’s Mansion for $79 MillionVideo Game Cyberpunk 2077 Uses AI To Replace Deceased Voice Actor“We have lost th
( 32
min )
“Last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships," Dimon warned.
( 34
min )
BofA Global Research analyst Vivek Arya reiterated his "Top Pick" Buy rating for the stock and reaffirmed his target of $650 for the price.
( 16
min )
Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you … Continue reading → The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.
( 34
min )
The Internal Revenue Service has determined that the software giant owes the U.S. Treasury $28.9 billion in back taxes. Here's what happens next.
( 19
min )
UAW President Shawn Fain says the strike against the Detroit Three auto makers wasn't expanded, but it isn't done yet.
( 25
min )
A tumble in LVMH stock this week has reduced the wealth of Bernard Arnault, who controls the luxury giant. Jeff Bezos could soon overtake him.
( 17
min )
It wasn’t that long ago that BofA seemed poised to become America’s most lucrative bank. A big bet on bonds changed all that.
( 23
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(Bloomberg) -- Morgan Stanley’s Mike Wilson sees a rebound in earnings in the latter half of 2024 but for now his message to investors — stick to the stock picker’s playbook as things are going to get worse before they get better.Most Read from BloombergIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerWider War in Middle East Could Tip the World Economy Into RecessionNYC Boosts Security Ahead of ‘All Out for Palestine’
( 33
min )
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The average rate on a 30-year mortgage jumped back up Thursday to 8.10%. The increase comes after two days of drops that lowered the 30-year benchmark rate to below 8.00%.
( 20
min )
Gas prices rose to their highest peak since February on Friday as the conflict in the Middle East deepens and households prepare for a period of cold weather.
( 32
min )
(Bloomberg) -- A changing of the guard among the biggest buyers of US Treasuries has Wall Street veterans bracing for further pain in the world’s largest bond market.Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Palestinians Flood South After Evacuation OrderIsrael Latest: UN Staff Given Evacuation Order for Northern GazaVideo Game Cyberpunk 2077 Uses AI To Replace Deceased Voice ActorJeff Bezos Buys His Florida Neighbor’s Mansion for $79
( 35
min )
The only certainty is change, and that’s on investors’ minds today, now that the latest inflation data is out. The Bureau of Labor Statistics reported a month-over-month gain in consumer prices, the CPI, of 0.4%, and an annualized CPI rate of 3.7%. The annualized rate was flat from August, and both figures were unfavorable compared to the expectations, which ere 0.3% and 3.6% respectively. These data points come as economic headwinds are piling up. Oil prices are rising along with the heat in th
( 35
min )
Netflix downgraded, Applied Materials upgraded: Wall Street's top analyst calls
( 34
min )
The U.S. Securities and Exchange Commission is set on Friday to adopt new rules that will increase transparency of short-selling, the controversial practice of betting against stocks that drew new scrutiny amid the GameStop saga. The rules will require investors to report their short positions to the agency and for companies that lend out shares to report that activity to the Financial Industry Regulatory Authority (FINRA), a self-regulatory body that polices brokers. The SEC's five commissioners will vote on the rules, which were first proposed in late 2021 and early 2022, on Friday morning.
( 32
min )
The companies completed the $75 billion deal after a lengthy struggle with regulators.
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Earnings per share rise to $1.89 from 20 cents in the same quarter a year earlier. The consensus call on Wall Street was for a profit of $1.72.
( 13
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Most young Americans have cut their spending in response to persistent inflation over the past year, a Bank of America survey showed on Friday. Seventy three percent of Gen Z consumers between the ages of 18 and 26 have changed their lifestyles because of increased prices, according to a Bank of America poll of more than 1,100 respondents. "Gen Zers are definitely looking for ways to improve their financial health," said Holly O'Neill, president of retail banking at Bank of America told Reuters.
( 32
min )
The lender earned a profit of $1.57 billion, or $3.60 per share, compared to $1.64 billion, or $3.78 per share, from a year earlier. Analysts had estimated a profit of $3.11 per share, according to LSEG IBES data.
( 32
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With volatile commodity prices, energy stocks can see wild swings from time to time. But investors don't necessarily have to actively trade stocks to make money in the sector. They can also collect dividends. With the right dividend stocks, investors can bypass the stress and uncertainty associated with attempting to time the market, all while benefiting from a passive income stream. Business magnate John D. Rockefeller once said, "Do you know the only thing that gives me pleasure? It's to see m
( 33
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(Bloomberg) -- Shares of Boeing Co. and its top supplier fell on a report that the planemaker is expanding inspections of production flaws in 737 Max aircraft, a move that could further delay deliveries of the workhorse jet. Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: UN Staff Given Evacuation Order for Northern GazaIsrael Latest: Mideast Rallies Grow as Gaza Crisis WorsensVideo Game Cyberpunk 2077 Uses AI To Replace Deceased Voice Actor
( 32
min )
The world faces its most “dangerous time” in decades, the boss of JP Morgan has warned as global conflicts combine with fragile economies.
( 47
min )
Citigroup profit and revenue both rose, topping expectations in its third quarter. Here are the highlights:
Profit rose 2% to $3.55 billion, or $1.63 per share. Analysts had expected $1.23 per share.
Revenue rose 9% to $20.14 billion. Analysts had expected $19.27 billion.
In its markets opera
( 24
min )
Citigroup's profit was broadly steady in the third quarter, fueled by rising interest payments and surging investment banking fees. The bank's net income rose to $3.5 billion from a year ago, it reported on Friday, while earnings per share remained stable at $1.63, exceeding the consensus estimate of $1.21 by analysts polled by LSEG. Revenue at Citi's institutional clients group that houses its Wall Street operations increased 12% from a year ago, fueled by a jump in investment banking fees.
( 32
min )
A problem over the specification of holes on the 737 MAX has worsened. It means more work which slows down deliveries. That isn't what investors want to hear.
( 18
min )
UAW President Shawn Fain will update members, and investors, on Friday about the state of labor negotiations with the Detroit Three auto makers. Investors will be looking for clues about how this strike might end.
( 23
min )
JPMorgan Chase has avoided the worst effects of rapidly rising interest rates, which have hit peers.
( 23
min )
Wells Fargo kicked off earnings this morning, showing the biggest banks continue to rake in hefty profits.
Here are the highlights:
The San Francisco-based bank earned $5.77 billion in the third quarter, up 61% from $3.59 billion [a year earlier](https://wsj.com/livecoverage/stock-market-news-to
( 24
min )
Earnings from JPMorgan Chase and Wells Fargo top estimates, UnitedHealth's adjusted earnings beat forecasts, Microsoft's $75 billion acquisition of Activision Blizzard is approved by U.K. regulators, and Dollar General's former CEO will be coming out of retirement to lead the discount retailer.
( 23
min )
The world’s largest money manager posted third-quarter earnings per share of $10.91, up from $9.55 a year earlier and better than the $8.34 expected by Wall Street analysts.
( 15
min )
Chinese drone maker EHang Holdings gained safety approval certification from China's aviation authority, bringing its unmanned passenger copters one step closer to commercial use, the Guangzhou-based company announced on Friday. The 'type certification' from the Civil Aviation Administration of China (CAAC) is for EHang's 216-S model, a 16-rotor drone that can carry two passengers at speeds of 130 kilometres an hour at a max range of 30 kilometres. An individual vehicle costs 2.16 million yuan ($296,000).
( 32
min )
Shares in Chinese e-commerce giant JD.com fell as much as 13% to a record low on Friday after several banks and brokers cut price targets and revenue growth forecasts for the firm, citing a weaker-than-expected recovery in consumer spending. The brokerages and banks including Citi, Daiwa and Jefferies, which issued notes to clients on Thursday and Friday with the revised estimates. JD.com, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China's main online shopping festival, Singles' Day.
( 32
min )
(Bloomberg) -- The rally in Asian equities halted as Treasury yields surged after US inflation data bolstered bets on Federal Reserve rate hikes. The latest data on continued weakness in China’s economy added to the gloom.Most Read from BloombergIsrael Latest: UN Staff Given Evacuation Order for Northern GazaTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Hamas Leaders Targeted as Ground War LoomsScalise Ends House Speaker Bid, Deepening Republican TurmoilGhost in
( 34
min )
Walmart, Moderna, Tesla, and IBM are among our favorite ideas for the current market. Here’s why.
( 42
min )
(Bloomberg) -- JD.com Inc. slumped to a record low in Hong Kong, after a slew of Wall Street brokerages cut the outlook for the e-commerce retailer on concerns that China’s consumption growth will remain sluggish.Most Read from BloombergIsrael Latest: UN Staff Given Evacuation Order for Northern GazaTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Hamas Leaders Targeted as Ground War LoomsScalise Ends House Speaker Bid, Deepening Republican TurmoilGhost in the Machi
( 33
min )
Oil prices rose on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast to decline through the fourth quarter. Brent futures rose 36 cents, or 0.4%, to $86.36 per barrel and U.S. West Texas Intermediate (WTI) crude gained 53 cents, or 0.6%, to $83.44 a barrel at 0052 GMT. Russia is the world's second-largest oil producer and a major exporter and the tighter U.S. scrutiny of its shipments could curtail supply.
( 32
min )
Walgreens is in financial trouble and must start a new chapter with investors.
( 27
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.
( 26
min )
The S&P 500 fell 0.5% on Friday, Oct. 13, 2023, amid concerns about the escalation of the conflict in Israel and a drop in October consumer sentiment.
( 16
min )
The best available nationwide CD rate today jumped to 6.50% for an eight-month term, although only for a maximum deposit of $5,000.
( 19
min )
Novo Nordisk raised its full-year outlook again as demand soars for its Ozempic and Wegovy weight-loss treatments.
( 16
min )
Demand for the 30-Year Treasury Bond at this week's auction was at its lowest levels since December 2021 as yields came in at the highest levels since 2007
( 17
min )
Kaiser Permanente and the Coalition of Kaiser Permanente Unions reached a tentative agreement on Friday after a three-day strike by 75,000 employees.
( 17
min )
Dollar General shares soared as the discount retailer brought back its former CEO while struggling to recover from its recent slump.
( 17
min )
Three large U.S. banks kicked off the third-quarter earnings season in positive fashion. But they cautioned that mounting challenges loom, and pockets of their business exhibit stress.
( 18
min )
Privatization describes the process by which a piece of property or business goes from being owned by the government to being privately owned.
( 24
min )
Principal investing happens when firms use their funds for potential profit rather than acting as brokers. A direct approach to wealth building.
( 22
min )
Dynamic Midpoint Extended Life Order (M-ELO) Is an AI-Powered Order Type Paired with Machine Learning
( 23
min )
Keith Gill, known online as Roaring Kitty, is largely credited for spiking the GameStop surge in late 2020.
( 21
min )
U.S. equities fell at midday on Friday, Oct. 13, 2023 after a report showed consumer sentiment fell more than expected on inflation concerns.
( 16
min )
UnitedHealth's Q3 results beat expectations and the company raised the lower end of its full-year guidance, boosting the company's stock to its highest level in 10 months.
( 16
min )
BlackRock's net outflows increased in the third quarter but CEO Larry Fink said the company expects more money coming in from clients once interest rates stabilize.
( 17
min )
The metaverse is a term for digital worlds where you can make real money. Learn how to make money in the metaverse through digital real estate, creating items, and other methods.
( 22
min )
Carbon capture and storage (CCS) is a process for trapping carbon dioxide (CO2), a harmful greenhouse gas, and sequestering it, typically deep underground.
( 25
min )
What are the best U.S. cities for finance workers to live in? Here are 15 places to call home that allows workers to maximize pay and job opportunities.
( 23
min )
The United Auto Workers union said it will no longer be announcing strike expansions on Friday and is prepared to launch surprise walkouts throughout the week.
( 17
min )
A reverse stock split consolidates the number of existing shares of corporate stock into fewer, proportionally more valuable, shares.
( 26
min )
The preliminary index fell 7.5% to come in at 63, below the 67.4 figure that analysts were expecting.
( 17
min )
Medigap, also called Medicare Supplement Insurance, is private health insurance coverage designed to pay for costs not covered by Original Medicare.
( 25
min )
As electric vehicle sales surge in the U.S., Tesla's dominance of the lucrative market is slipping as new competitors, including both EV startups and legacy automakers, gain market share.
( 19
min )
The average rate on a 30-year mortgage jumped back up Thursday to 8.10%. The increase comes after two days of drops that lowered the 30-year benchmark rate to below 8.00%.
( 20
min )
Compare mortgage rates across 18 different products for both purchase and refinance and see how they stack up across the country.
( 32
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.
( 25
min )
The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.
( 27
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.
( 30
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.
( 18
min )
Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.
( 18
min )
Microsoft's $69 billion acquisition of video game maker Activision Blizzard was cleared by the Competition and Markets Authority in the U.K.
( 17
min )
Citigroup (C)'s third quarter profit rose more than expected as revenue grew at a faster clip, even though some of that growth was offset by higher expenses.
( 17
min )
Donating to charity is a great way to show your giving spirit and save money on your taxes at the same time.
( 25
min )
Communism is an ideology that advocates a classless system in which the means of production are owned communally.
( 27
min )
Capitalism is an economic system in which monetary goods are owned by individuals or companies, and workers earn only wages.
( 32
min )
JPMorgan Chase’s (JPM) third quarter profits jumped 35% year-over-year to $13.2 billion, or $4.33 per share as rising rates boosted net interest income. Shares of the largest U.S. bank by assets were flat in pre-market trading.
( 17
min )
De prijzen van kaartjes voor het openbaar vervoer hoeven volgend jaar niet omhoog. Het demissionaire kabinet trekt daarvoor 420 miljoen euro uit, waar de Tweede Kamer om heeft gevraagd.
( 8
min )
De prijzen van kaartjes voor het openbaar vervoer hoeven volgend jaar niet omhoog. Het demissionaire kabinet trekt daarvoor 420 miljoen euro uit, waar de Tweede Kamer om heeft gevraagd.
( 8
min )
De nieuwe Amerikaanse ruimtesonde Psyche is vrijdagmiddag met succes gelanceerd. Daarmee is een reis van zes jaar begonnen naar een mysterieuze planetoïde die ook Psyche is genoemd. Mogelijk zijn daar antwoorden te vinden over het ontstaan van ons zonnestelsel.
( 9
min )
Binnen de Europese Unie is vrijdag geen meerderheid opgestaan om een knoop door te hakken over glyfosaat. In november krijgen de lidstaten nog één kans om te stemmen. Daarna ligt het lot van het bestrijdingsmiddel in handen van de Europese Commissie.
( 9
min )
Binnen de Europese Unie is er vrijdag niet genoeg steun om het bestrijdingsmiddel glyfosaat te verbieden. In november krijgen de lidstaten nog één kans om te stemmen. Daarna ligt het lot van de omstreden onkruidverdelger in handen van de Europese Commissie.
( 9
min )
De prijzen op de Europese aardgasmarkt stijgen snel. Een lekke pijpleiding, een gesloten gasveld in Israël en een staking in Australië laten de prijzen vrijdag stijgen tot het hoogste niveau sinds februari van dit jaar.
( 9
min )
De prijzen op de Europese aardgasmarkt stijgen snel. Een lekke pijpleiding, een gesloten gasveld in Israël en een staking in Australië laten de prijzen vrijdag stijgen tot het hoogste niveau sinds februari van dit jaar.
( 9
min )
In het Verenigd Koninkrijk komt eind dit jaar een eerste serie ponden en pence met koning Charles erop in omloop. In het nieuwe ontwerp wordt Charles' aandacht voor de natuur weerspiegeld. Op de munten staan eekhoorns, bijen en andere dieren.
( 9
min )
De overname van gameontwikkelaar Activision Blizzard door Microsoft lijkt echt te gaan plaatsvinden. Ook de Britse toezichthouder heeft er nu mee ingestemd. Dat was het laatste obstakel.
( 9
min )
Acht personen in Nederland hebben taakstraffen gekregen vanwege betrokkenheid bij de bouw van de Krimbrug. Ook hebben Nederlandse bedrijven geldboetes gekregen voor het leveren van goederen en hulp. Zij hebben de Europese sancties tegen Rusland ondermijnd, oordeelt justitie.
( 10
min )
De rente in de eurozone blijft waarschijnlijk minimaal een jaar op het huidige niveau van 4 procent, zegt De Nederlandsche Bank-president Klaas Knot. Hij sluit een extra renteverhoging niet uit, mocht dat nodig zijn om de inflatie te beteugelen.
( 10
min )
Het aantal hypotheekaanvragen trekt iets aan na een periode van een flinke daling. Dat kan hinten op een herstel van de woningmarkt. Vooral jonge huizenkopers doen weer vaker zaken op de krappe huizenmarkt.
( 9
min )
Gisteren werd bekend dat een Amerikaan uit Californië de op een na hoogste jackpot ooit gewonnen heeft. De winnaar kan een bedrag van 1,73 miljard dollar op zijn rekening bijschrijven. Doe jij weleens mee aan de loterij? Waarom doe je dat wel, of niet? En is er weleens een prijs op jouw lot gevallen, of grijp je altijd naast de prijzen? Praat mee over loterijen.
( 7
min )
Nu Wehkamp 50 cent per geretourneerd artikel vraagt, krijgt de webwinkel dagelijks vijfduizend producten minder terug. Dat ontmoedigt klanten om veel artikelen te bestellen en te retourneren. De volgende stap is dat het duurder wordt om een pakket thuis te laten bezorgen dan bij een pakketpunt.
( 11
min )
Nu Wehkamp 50 cent per geretourneerd artikel vraagt, krijgt de webwinkel dagelijks vijfduizend producten minder terug. Dat ontmoedigt klanten om veel artikelen te bestellen en te retourneren. De volgende stap is dat het duurder wordt om een pakket thuis te laten bezorgen dan bij een pakketpunt.
( 11
min )
Analysts surveyed by FactSet expect profit at Citigroup will fall 28% from the year-ago quarter to $2.5 billion.
( 17
min )
As head of ARK Invest, Cathie Wood is one of the few celebrities in the financial world. She has solidified her status as a trailblazer and oracle in her near-decade-leading ARK. Wood and her firm have become synonymous with forward-thinking investing, focusing on disruptive, game-changing technologies. And she is not afraid to take positions in "risky" companies. She bought stock in Tesla Inc (NASDAQ:TSLA) and NVIDIA Corporation (NASDAQ:NVDA) in 2016. Wood has big ideas and makes splashy predic
( 34
min )
Primary dealers, who buy up supply not taken by bidders, had to accept 18.2% of 30-year issuances on Thursday, higher than this year's average of 10.72%.
( 19
min )
Adam Aron, the CEO of AMC, claims he was the victim of an extortion scheme that likely could have come as a result of some decisions of questionable judgment on his part.
( 34
min )
Analysts often downgrade stocks they feel have run up in price too much or if some bad news comes out that can negatively impact a stock. But it's unusual to see downgrades come after stocks have been pummeled, have no recent bad news and are near or at 52-week lows. The reason it's unusual is that analysts who downgrade stocks or slice price targets near 52-week lows run the risk of piling on too late and being embarrassed as an oversold stock rebounds and performs very well over the next few m
( 35
min )
Todd Vasos will head up the company again effective immediately, Dollar General said Thursday.
( 17
min )
Audio clips of Caroline Ellison’s Nov. 9 all-hands meeting were played in court.
Ellison, the former chief executive of
( 23
min )
Wall Street analysts expect the company to report earnings of $6.32 for the third quarter, up from $5.79 in the same quarter last year, according to FactSet.
( 17
min )
As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.
( 32
min )
(Bloomberg) -- All year, Wall Street pros have been sinking record sums of cash into the world’s largest Treasury ETF in a high-conviction bet that interest rates have peaked. All year they’ve been wrong, with an estimated $10 billion loss — yet that’s not stopping a cohort of dip buyers braving the worst market drawdown in decades.Most Read from BloombergIsrael Latest: US to Offer Citizens Charter Flights From IsraelIsrael Latest: Hamas Leaders Targeted as Ground War LoomsApollo CEO Marc Rowan
( 33
min )
Thursday, Citi analyst Alexander Hacking reviewed some potential strategic buyers for United States Steel. Not all the bids make sense.
( 21
min )
The Federal Reserve might have completed its round of rate hikes, based on recent statements made by the agency’s officials. Those statements conveyed the message that there is presently no urgent necessity to push the Fed funds rate beyond its existing range of 5.25 to 5.50%. This range represents its highest level since July 2001. A number of Fed officials pointed to the surge in government bond yields as a sign that the economy is slowing down sufficiently to curb inflation without necessitat
( 35
min )
(Bloomberg) -- Qualcomm Inc., the largest maker of the chips that run smartphones, is reducing its workforce as its copes with lackluster demand for its main product. Most Read from BloombergIsrael Latest: US to Offer Citizens Charter Flights From IsraelIsrael Latest: Hamas Leaders Targeted as Ground War LoomsApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’Stocks Drop as CPI, Weak Bond Auction Lift Yields: Markets WrapGhost in the Machine: How Fake Parts Infiltrated Airline F
( 32
min )
It’s week two of the Sam Bankman-Fried trial and I’m writing this live from outside the Southern District of New York courthouse where the case is taking place. Tuesday was a slower day filled with technical details, but that changed on Wednesday and Thursday when Caroline Ellison, ex-CEO of Alameda Research, took the stand to testify. Alameda is a big player in the trial as it’s the crypto hedge fund sister company of FTX.
( 33
min )
Vuse Alto menthol products have replaced Juul as the most popular vaping product on the U.S. market.
( 29
min )
Palantir Technologies stock is up more than 20% over the past seven days.
( 18
min )
The U.S. stock market showed considerable gains in 2023, but according to billionaire hedge fund manager Paul Tudor Jones, it's not going to be all sunshine and rainbows. "It's a really challenging time to want to be an equity investor in U.S. stocks right now," he said in a recent interview with CNBC. According to Jones, who runs Tudor Investment Corp., this is "the most threatening and challenging geopolitical environment" he has ever seen. At the same time, he believes that America is "probab
( 33
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The S&P 500's 5% decline from its intraday high for the year has hit even those star companies that have hit record levels in 2023. It could be an opportunity.
( 19
min )
The agency plans more audits targeting high-income taxpayers.
( 27
min )
Tesla now dominates just half of the market, down from the 62% it held in the first quarter, despite a price war started by the Elon Musk-led company to solidify its foothold in the competitive EV arena. However, the company could reverse the downward trend with the launch of its Cybertruck electric pickup truck, which is set to be delivered to customers in the current quarter, the market research firm said. "Higher inventory levels, more product availability, and downward pricing pressure have helped spur continued linear growth of EV sales in the U.S. market," Cox said.
( 32
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When stock markets are in flux, it’s time to dig a little deeper to find the right investments. Investors will look for all sorts of signs, based on the earnings forecasts or charts – but one of the clearest signs of all is put up by corporate insiders. These are the company officers who are charged with ensuring profits and returns. They are answerable to Boards of Directors and to shareholders, who expect them to build a company that supports a solid share value. These insiders, the C-suite re
( 35
min )
Former President Donald Trump has been embroiled in numerous controversies over the years. One of the more intriguing allegations recently brought to light concerns the size of his penthouse at Trump Tower in New York. New York Attorney General Letitia James has put forth several allegations against Trump, accusing him of misleading information to inflate the value of his assets for better financial benefits. Among these, a particularly interesting one revolves around the size of his Trump Tower
( 33
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Everyone knows you can leave Costco Wholesale with a cart brimming with oversized tubs of peanut butter, a TV larger than your living room wall and enough toilet paper to last a decade. But did you know that the warehouse chain sells gold bars, too? Costco has started selling 1-ounce gold bars. You can choose from two variations: a 1-ounce gold PAMP Suisse Lady Fortuna Veriscan bar and a 1-ounce gold bar from Rand Refinery. Both types are available online only and are limited to two per member.
( 34
min )
As inflation held firm in September, the Social Security COLA matched recent projections.
( 14
min )
Mortgage defaults have risen at their fastest pace since 2009 as lenders warn over plans to restrict the supply of deals.
( 32
min )
Viasat said it expects to recover less than 10% of the planned throughput on ViaSat-3 F1, its satellite that malfunctioned during deployment in July, but it was confident it could meet the needs of its customers without replacing it. Viasat, which bought its British rival Inmarsat in May, said it had insurance coverage of $420 million in place for ViaSat-3 F1 and it would finalize its claim before the end of the year.
( 32
min )
GM, Ford, and Stellantis CEOs made a lot more money in 2022 than the chiefs of their foreign rivals.
( 29
min )
Target upgraded, Beyond Meat downgraded: Wall Street's top analyst calls
( 35
min )
The new semiannual rate, to be set around Nov. 1, is based on the six-month change in consumer prices ending in September.
( 18
min )
The US owner of Boots aims to cut costs by up to $1bn (£810m) as the troubled cosmetics and pharmaceutical retailer prepares to welcome a new boss.
( 45
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The government on Thursday announced how much checks rise next year for the roughly 67 million Social Security recipients.
( 18
min )
Delta Air Lines reported earnings of $2.03 a share on revenue of $14.6 billion in the third quarter, firmly beating analyst expectations.
( 16
min )
U.S. investment firm Live Ventures has offered to buy LL Flooring Holdings Inc , formerly known as Lumber Liquidators, for roughly $180 million in cash, according to a letter seen by Reuters. LL Flooring said in August that it was exploring strategic alternatives, including a possible sale. The company, headquartered in Richmond, Virginia and one of the country's leading retailers of hard-wood surface flooring, has seen its stock price tumble more than 78% in the last five years.
( 32
min )
Walgreens posts fourth-quarter earnings of 67 cents a share, down from 80 cents in the same quarter last year.
( 19
min )
I'm 55 and would like to retire now with a $3 million total net worth. I'm assuming my net worth will grow, on average, 5% until I’m eligible for Social Security. My house is paid off and my lifestyle is simple. I can live with $5,000 per month. Am I making the right decisions? – […] The post Ask an Advisor: I'm 55 With a $3 Million Net Worth and $5k in Monthly Expenses. Can I Retire Now? appeared first on SmartReads by SmartAsset.
( 34
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Mohammed El-Erian, chief economic adviser at Allianz and former Pimco CEO, says the Fed and Bank of England's high rates bodes well for savers.
( 33
min )
Delta Air Lines reported earnings of $2.03 a share on revenue of $14.6 billion in the third quarter.
( 19
min )
Storage systems specialist Shenzhen Longsys Electronics, one of US memory chip maker Micron Technology's largest clients in China, has completed its US$132 million takeover of a mainland plant from Taiwan's Powertech Technology, one of the world's largest semiconductor assembly, packaging and testing companies. Longsys, which makes digital storage products that include memory modules and solid-state drives, said in a filing to the Shenzhen Stock Exchange on Wednesday that it has finalised the ac
( 34
min )
The United Auto Workers union calls a surprise strike at Ford's Kentucky Truck Plant in Louisville, Microsoft is told by the IRS it owes $29 billion in back taxes, and Delta and Walgreens are scheduled to report quarterly earnings.
( 20
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(Bloomberg) -- A monthly report on US consumer prices due Thursday is set to muddy the picture for Federal Reserve officials trying to decide whether to hike interest rates again, especially as escalating conflict in the Middle East adds uncertainty, according to Bloomberg Economics.Most Read from BloombergIsrael Latest: Hamas Leaders Targeted as Ground War LoomsApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’IMF Caught Off Guard as China Strikes Sri Lanka Debt DealGoldman Su
( 32
min )
Ericsson shares were volatile early on Thursday, defying indications for a sharp fall after the Swedish telecom gear maker overnight announced a $2.9 billion impairment related to its acquisition of Vonage last year. Traders said investors were focusing on the company's operational results which were in line with market expectations. Ericsson reported a preliminary third-quarter operating profit before amortisation, restructuring and impairment charges of 4.7 billion Swedish crowns ($431 million), down 39%.
( 32
min )
GM, Ford, and Stellantis CEOs made a lot more money in 2022 than the chiefs of their foreign rivals.
( 29
min )
(Bloomberg) -- Bond investors are starting to back away from what’s been one of the few bright spots for them this year amid signs yields may have peaked after the epic rout in September.Most Read from BloombergIsrael Latest: Hamas Leaders Targeted as Ground War LoomsApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’IMF Caught Off Guard as China Strikes Sri Lanka Debt DealWall Street Brushes Off Hot PPI as Stocks Advance: Markets WrapHouse Republicans Pick Scalise as Speaker No
( 33
min )
El-Erian said recently that the odds of the US avoiding a recession have come down amid high interest rates and bond market volatility.
( 33
min )
Debt settlement can save consumers money by allowing them to resolve debts for less than the full balance. Learn the pros and cons of debt settlement.
( 31
min )
The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months and 5.76% on a 6-month option from TotalDirectBank.
( 19
min )
Bargaining between SAG-AFTRA and the Alliance of Motion Picture and Television Producers stopped, further disrupting scripted content.
( 17
min )
Repatriation refers to converting any foreign currency into a country's local currency.
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min )
Hormel Foods' stock was the biggest loser on the S&P 500 Thursday after the company gave a strategic update and settled with union workers on a new contract.
( 17
min )
The S&P 500 dropped 0.6% on Thursday, Oct. 12, 2023, as the Consumer Price Index (CPI) exceeded forecasts, raising concerns about more Fed tightening.
( 16
min )
Fastenal shares jumped after the maker of fasteners and other construction and hardware equipment beat profit forecasts.
( 16
min )
TransUnion, one of the big three credit reporting agencies, has agreed to pay $23 million in fines to settle lawsuits charging the company with bungling important customer records.
( 19
min )
China on Thursday ordered its securities firms with offshore operations to stop taking on mainland investors as clients, as part of a crackdown against offshore trading and an effort to plug regulatory loopholes.
( 18
min )
Tax-advantaged refers to any type of investment, account, or plan that is either exempt from taxation, tax-deferred, or offers other types of tax benefits.
( 23
min )
Microsoft said it disagrees with the tax adjustments and "will pursue an appeal within the IRS, a process expected to take several years."
( 18
min )
Inherent risk is the risk posed by an error or omission in a financial statement due to a factor other than a failure of control.
( 24
min )
Learn about the tax-to-GDP ratio, a ratio of a nation's tax revenue relative to its gross domestic product.
( 24
min )
Goldman Sachs is finally selling its disastrous investment in the consumer lending company GreenSky, but not before it impacts the bank's earnings for a second consecutive quarter.
( 17
min )
Intangible assets don't appear on balance sheets but are crucial to judging a company's value.
( 22
min )
Gambling income refers to any money that is generated from games of chance or wagers on events with uncertain outcomes. Learn how gambling income is taxed.
( 24
min )
Issues facing the public sector are not unlike some issues facing America’s oldest and largest companies, but with larger and broader impacts.
( 24
min )
U.S. equities were mixed and little changed at midday on Thursday, Oct. 12, 2023 after the latest report on consumer inflation showed prices rose more than anticipated.
( 16
min )
Walgreens shares gained after announcing it would slash costs by at least $1 billion as it looks to recover from recent challenges, including a CEO shakeup.
( 17
min )
Ford shares dropped after the United Auto Workers union expanded its strike to Ford's largest factory, as 8,700 workers walked off the job at Ford's Kentucky truck plant.
( 17
min )
Find out how and why mathematics is used in microeconomics, its limitations, and the math skills that economics students need.
( 20
min )
Economists struggled with the causes of depressions, recessions, and unemployment for years. Then Maynard Keynes changed everything.
( 25
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Rates on 30-year mortgages dropped for a second day, adding to a third-of-a-point plunge Tuesday. The two-day decline has lowered the 30-year average back below 8%.
( 19
min )
When it comes to investing, ratios can help make you a more informed investor when they're properly understood and applied. There are 6 basic financial ratios.
( 27
min )
Delta Air Lines reported better-than-expected profit as demand for summer travel boomed, but warned fuel costs will impact full-year results.
( 17
min )
Learning where different assets stand on the investment risk ladder is the first step to understanding investments.
( 29
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The return on equity calculation measures how efficiently a company is generating income from the equity investments of its shareholders.
( 25
min )
Starting in January, Social Security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with the cost of living, the Social Security Administration said Thursday.
( 18
min )
Blockchain exchange-traded funds (ETFs) facilitate real-time trading on a basket of blockchain-based stocks.
( 26
min )
Digital art and cryptocurrency enthusiasts may appreciate an NFT gift for the holidays.
( 26
min )
Toyota and Idemitsu said they will work together to mass-produce solid-state batteries for electric vehicles, which could help reduce charging times and support longer ranges.
( 17
min )
A Bitcoin Futures ETF is like a mutual fund, but the intent is to track Bitcoin's price and create a security that can trade on an exchange. Learn about these new types of ETFs.
( 25
min )
Anti-fragility is the opposite of fragility, describing things that gain from chaos but may need to survive and flourish.
( 23
min )
September’s Consumer Price Index showed a 3.7% annual increase in inflation and a 0.4% month-over-month increase, slightly higher than analysts had forecast. Core CPI increased 0.3% in September on a monthly basis, showing a 4.1% annual increase in core CPI.
( 18
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Companies need less office space than they used to, thanks to the work-from-home revolution—yet they’re spending record amounts of money on office construction.
( 19
min )
A surety is the organization or person that assumes the responsibility of paying the debt in case the debtor policy defaults or is unable to make the payments.
( 23
min )
A few industries are driving New Jersey's economy. See which sectors employ the most people, and which industries are expected to grow the fastest.
( 24
min )
Using exchange-traded funds (ETFs) to harvest tax losses can be a smart way to maximize your portfolio's tax efficiency.
( 25
min )
Het Europees Hof van Justitie heeft bepaald dat een elektrische fiets geen motorvoertuig is. In veel Europese landen heeft een e-biker daarom recht op een schadevergoeding als die tegen een gemotoriseerd voertuig aan botst.
( 9
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Het Europees Hof van Justitie heeft bepaald dat een elektrische fiets geen motorvoertuig is. In veel Europese landen heeft een e-biker daarom recht op een schadevergoeding als die tegen een gemotoriseerd voertuig aan botst.
( 9
min )
IKEA is van plan zijn prijzen de komende tijd te verlagen. De afgelopen jaren werden de artikelen bij de meubelgigant juist duurder, maar nu kan het bedrijf een groot deel van de prijzen in stapjes verlagen.
( 8
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Woonwinkel IKEA is van plan om zijn prijzen te verlagen de komende tijd. De afgelopen jaren werden de artikelen bij de meubelgigant juist duurder, maar nu kan "een groot deel van de prijzen gefaseerd naar beneden worden gebracht", stelt het bedrijf.
( 8
min )
De Europese rechter heeft bepaald dat een elektrische fiets geen motorvoertuig is. In veel Europese landen heeft de e-bike bestuurder daarom recht op een schadevergoeding als de bestuurder in botsing komt met een gemotoriseerd voertuig.
( 9
min )
Accountantsbedrijf KPMG krijgt een boete van 30 miljoen pond (ruim 35 miljoen euro) vanwege nalatig toezicht op het failliete Britse bouwbedrijf Carillion. De Engelse toezichthouder geeft de recordboete omdat de accountants niet objectief en kritisch genoeg hun werk deden.
( 9
min )
De Autoriteit Consument & Markt houdt tien leveranciers van energie extra in de gaten. Zo wordt bijvoorbeeld gekeken of de administratie op orde is. Daarnaast wil de toezichthouder van alle leveranciers weten of ze goed zijn voorbereid op de winter.
( 9
min )
Verzekeraar ASR gaat in de komende 2,5 jaar 260 banen schrappen op de hypotheekafdeling van het bedrijf. Dat bevestigt een woordvoerder na berichtgeving van Leeuwarder Courant. Na de overname van branchegenoot Aegon vorig jaar zijn er veel dubbele functies binnen het bedrijf.
( 9
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Verzekeraar ASR gaat in de komende 2,5 jaar 260 banen schrappen op de hypotheekafdeling van het bedrijf. Dat bevestigt een woordvoerder na berichtgeving van Leeuwarder Courant. Na de overname van branchegenoot Aegon vorig jaar zijn er veel dubbele functies binnen het bedrijf.
( 9
min )
Grote Europese luchtvaartmaatschappijen zoals IAG, Air France en easyJet hebben hun vluchten van en naar Israël voor de komende dagen stilgelegd. Sommige luchtvaartmaatschappijen annuleren zelfs maanden aan vluchten naar Israël.
( 9
min )
Van Extinction Rebellion tot aan het kabinet: het afbouwen van fossiele subsidies staat hoog op de agenda. Planbureaus waarschuwen nu om daar niet zomaar mee te beginnen: kijk per regeling of het klimaat eigenlijk wel iets opschiet met afschaffing.
( 12
min )
Vrijdag stemmen Europese lidstaten over het gebruik van onkruidbestrijdingsmiddel glyfosaat. Als de meerderheid instemt, mag het middel nog minimaal tien jaar gebruikt worden. Wat is glyfosaat en waarom willen sommige partijen het gebruik verbieden?
( 9
min )
Vrijdag stemmen Europese lidstaten over het gebruik van onkruidbestrijdingsmiddel glyfosaat. Als de meerderheid instemt, mag het middel nog minimaal tien jaar gebruikt worden. Wat is glyfosaat en waarom willen sommige partijen het gebruik verbieden?
( 9
min )
Het aantal beschikbare huurwoningen in de vrije sector is in het afgelopen jaar met 32 procent gedaald. Verhuurders kunnen minder hoge huren vragen en zetten daardoor steeds meer huurwoningen te koop, zegt woningplatform Pararius.
( 9
min )
Spaarders kunnen een hogere bankenbelasting gaan merken in de rente die ze krijgen op hun spaarrekening. IMF-bestuurder Paul Hilbers vermoedt dat het plan van de Tweede Kamer eerder ten koste gaat van de spaarrente dan van de hoge winsten van banken.
( 9
min )
Het aantal bedrijven dat failliet gaat neemt al bijna anderhalf jaar toe. In de maand september gingen 294 bedrijven kopje onder. Daaronder zijn ook bekende namen als BCC, Big Bazar en Vacansoleil.
( 9
min )
Vrijdag stemmen Europese lidstaten over het gebruik van onkruidbestrijdingsmiddel glyfosaat. Als de meerderheid instemt, mag het middel nog minimaal tien jaar gebruikt worden. Wat is glyfosaat en waarom willen sommige partijen het gebruik verbieden?
( 9
min )
This past week has been a doozy. We’ve got the usual headwinds piling up, with sticky inflation, a 1-in-3 chance for another Fed interest rate hike this year, and rising bond rates putting pressure on stocks. And if that wasn’t enough, the geopolitical situation has heated up, with a major war in the Middle East as Israel goes to war in retaliation for Hamas’ latest atrocities. But there are opportunities in the market, and investors should not lose hope, despite the headwinds. The strategists a
( 36
min )
(Bloomberg) -- Russian President Vladimir Putin overplayed his hand by trying to use Gazprom PJSC to bring Europe to its knees, and now his efforts to bolster the state-controlled gas giant are at the mercy of China.Most Read from BloombergIsrael Latest: Israel Vows to Wipe Out Hamas as Ground War LoomsApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’Wall Street Brushes Off Hot PPI as Stocks Advance: Markets WrapIMF Caught Off Guard as China Strikes Sri Lanka Debt DealHouse Re
( 36
min )
Although stock market analysts are not infallible, many investors rely on their ratings and price targets when making decisions about stocks to purchase. This is especially observable on the day when an analyst's rating comes out, as share prices tend to rise or fall significantly from upgrades, downgrades or changes in price targets. Every so often a market will over-correct to an extreme, leaving the price of certain stocks well below recent analysts' price targets. This creates a favorable si
( 35
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The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months and 5.76% on a 6-month option from TotalDirectBank.
( 19
min )
US stocks are near their most expensive levels in over two decades, relative to the debt market. The last time stocks were this pricey was during the dot-com boom - and that was followed by a 50% crash in the S&P 500.
( 32
min )
Delta Air Lines is expected to report earnings of $1.95 a share for the third quarter, up from $1.51 a year ago.
( 18
min )
Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent, a retired bank official testified Wednesday at the former president’s New York civil fraud trial. Trump’s statements of financial condition were key to his approval for a $125 million loan in 2011 for his Doral, Florida, golf resort and a $107 million loan in 2012 for his Chicago hotel and condo skyscraper, former Deutsche Bank risk management officer Nicholas Haigh testified. A judge last month ruled that Trump and his company, the Trump Organization, committed years of fraud by exaggerating the value of Trump’s assets and net worth on the financial statements he gave to banks, insurers and others to make deals and secure loans.
( 33
min )
Emails surfaced in Sam Bankman-Fried's trial that show how he pressured Paradigm to make a huge investment despite concerns over FTX governance.
( 32
min )
Caroline Ellison described a Signal group chat between her, FTX founder Sam Bankman-Fried and FTX’s former director of engineering Nishad Singh days before FTX’s collapse.
At the time, Singh noted that customer withdrawals were picking up after Alameda’s balance sheet was leaked to crypto news site
( 22
min )
(Bloomberg) -- The independent shale drillers that undermined OPEC’s decades-long grip on global oil markets soon will be a thing of the past as international giants swallow them up, according to one of the industry’s founding members.Most Read from BloombergIsrael Latest: Netanyahu Talks to Biden, ‘False Alarm’ in NorthIsrael Latest: Israeli Death Toll in Hamas Attack Reaches 1,200Israel Forms Emergency Government for War Against HamasStocks Waver on Fed Minutes as Traders Await CPI: Markets Wr
( 33
min )
Joe Biden’s borrowing binge has put global debt on an unsustainable path, the International Monetary Fund has warned.
( 32
min )
EV-charging company ChargePoint sells shares and raises about $232 million in the process. The stock reaction looks about right so far.
( 21
min )
After nearly four weeks of disruptive strikes and hard bargaining, the United Auto Workers and the Detroit Three automakers have edged closer to a deal that could offer record-setting wage gains for nearly 150,000 U.S. workers. General Motors, Ford Motor and Chrysler parent Stellantis have all agreed to raise base wages by between 20% and 23% over a four-year deal, according to union and company statements. Ford and Stellantis have agreed to reinstate cost-of-living adjustments, or COLA.
( 34
min )
The Magnificent Seven Big Tech stocks have been largely responsible for 2023’s market rally. Yet some of those are more spectacular than others.
( 17
min )
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Rates on 30-year mortgages plunged a third of a percentage point, for the biggest one-day drop since 2022. Rates sank by double-digit basis points for almost every loan type.
( 19
min )
(Bloomberg) -- The rapid descent of US inflation over the last few months is likely too good to last.Most Read from BloombergIsrael Latest: Sirens Sound in North, Israel Forms War CabinetIsrael Latest: Israeli Death Toll in Hamas Attack Reaches 1,200Hamas Got Around Israel’s Surveillance Prowess by Going DarkIsrael Forms Emergency Government for War Against HamasIMF Caught Off Guard as China Strikes Sri Lanka Debt DealNew upside risks in categories that have played an outsize role in the recent
( 34
min )
The hydrogen technology company Plug Power raised its guidance before a shareholders' symposium. Wall Street likes the new numbers.
( 16
min )
If I have a tax-deferred 401(k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no. There's typically no method to totally dodge taxes on … Continue reading → The post Ask an Advisor: I Want to Roll Over My Money to a Roth IRA. How Do I Avoid Paying Taxes? appeared first on SmartAsset Blog.
( 33
min )
Cramer in 2021 said he sold most of his bitcoin holdings.
( 32
min )
In decades past, millionaire status was well-known, and the subject of innumerable songs, TV shows, and movies. However, a million dollars is almost a modest sum by today’s standards, and an exclusive echelon known as ultra-high-net-worth individuals (UHNWIs) has wealth extending to the tens of millions. Yet, being a UHNWI entails more than just opulence. […] The post Lifestyle Trends and Problems Facing Ultra-High-Net-Worth Individuals appeared first on SmartReads by SmartAsset.
( 35
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As the final quarter of 2023 gets fully underway, analysts and investors alike are trying to divine just what is likely to happen in the next few months. There’s a growing feeling that, with September behind us, stock investors can look forward to better times – perhaps sooner rather than later. n some recent comments to CNBC, Scott Chronert, Citi U.S. equity strategist, gives several reasons why investors should load up on stocks now. First, Chronert points out that fears of a hard recession ha
( 36
min )
When Bill and Melinda Gates shared the news of their separation in April 2021, it caught many off guard. They had spent 27 years together, and their collective efforts in the tech and charity sectors made them prominent figures in global news. The situation was complicated by the absence of a prenuptial agreement, despite the couple's combined wealth estimated at $130 billion. Given the magnitude, the selection of their legal representation became a point of interest. Bill Gates once stood as th
( 33
min )
(Bloomberg) -- Novo Nordisk A/S said its diabetes drug Ozempic showed surprisingly early effectiveness in a kidney-failure study, sending shares of the world’s biggest dialysis providers tumbling.Most Read from BloombergIsrael Latest: Israeli Death Toll in Hamas Attack Reaches 1,200Hamas Got Around Israel’s Surveillance Prowess by Going DarkIsrael Latest: Top US General Warns Iran to Stay Out of ConflictAfghanistan’s Viral Supercar Makes Global Debut at Doha ShowIsrael Latest: Hezbollah, Israel
( 34
min )
Nvidia stock is one of Oppenheimer's top four AI chip picks heading into earnings season.
( 17
min )
Exxon Mobil struck a nearly $60 billion agreement to buy Pioneer Natural Resources in the largest oil-and-gas deal in two decades, tying the energy giant’s future to fossil fuels.
Exxon stock dropped 4.5%
( 22
min )
Non-passive income, also known as active or earned income, refers to the money that you earn through your active efforts, typically by trading your time and expertise for compensation. This is the inverse of passive income, which is earned with minimal effort or active involvement. However you earn your income, a financial advisor can help […] The post What Is Non-Passive Income? appeared first on SmartReads by SmartAsset.
( 33
min )
Former Alameda Research CEO Caroline Ellison retook the stand on Wednesday after testifying that her former boss and boyfriend, Sam Bankman-Fried, had directed many of FTX’s now-public missteps.
( 38
min )
Amgen upgraded, Texas Instruments downgraded: Wall Street's top analyst calls
( 34
min )
TD Cowen analysts raised their price target on Nvidia stock to $700 from $600. The chip maker's shares have already soared more than 200% so far this year.
( 15
min )
Three in four companies officially prefer skills to degrees.
( 34
min )
U.S. producer prices increased more than expected in September amid higher costs for energy products, but underlying inflation pressures at the factory gate continued to moderate. The producer price index for final demand rose 0.5% last month, the Labor Department said on Wednesday. Data for August was unrevised to show the PPI accelerating 0.7%.
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Exxon will pay $59.5 billion, all in stock, for Pioneer Natural Resources. It’s Exxon’s biggest acquisition since its merger with Mobil in 1999.
( 17
min )
U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates. The Labor Department reported Wednesday that its producer price index — which measures inflation before it hits consumers — climbed 2.2% from a year earlier. Excluding volatile food and energy prices, so-called core inflation rose 2.7% in September from a year earlier and 0.3% from August.
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Two pieces of news are weighing on shares of medical devices company Silk Road Medical.
( 14
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The deal is Exxon’s largest since its merger with Mobil in the late 1990s and is the biggest corporate transaction so far this year.
( 28
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(Bloomberg) -- Jurors in the fraud trial of FTX co-founder Sam Bankman-Fried heard his ex-girlfriend Caroline Ellison explain how he allegedly arranged for billions of dollars in customer funds to back risky investments that led to the collapse of the cryptocurrency exchange.Most Read from BloombergIsrael Latest: Israeli Death Toll in Hamas Attack Reaches 1,200Hamas Got Around Israel’s Surveillance Prowess by Going DarkIsrael Latest: Top US General Warns Iran to Stay Out of ConflictAfghanistan’s
( 35
min )
Exxon will pay $59.5 billion, all in stock. It’s Exxon’s biggest acquisition since its merger with Mobil in 1999.
( 16
min )
(Bloomberg) -- Exxon Mobil Corp. agreed to buy Pioneer Natural Resources Co. for $59.5 billion, the supermajor’s largest takeover in more than two decades, as it seeks to become the dominant producer of shale oil.Most Read from BloombergIsrael Latest: Israeli Death Toll in Hamas Attack Reaches 1,200Hamas Got Around Israel’s Surveillance Prowess by Going DarkIsrael Latest: Top US General Warns Iran to Stay Out of ConflictAfghanistan’s Viral Supercar Makes Global Debut at Doha ShowChina Mulls New
( 34
min )
Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. Pioneer shareholders will receive 2.3234 shares of Exxon Mobil for each Pioneer share they own. Exxon purchased XTO Energy in 2009 for approximately $36 billion.
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min )
The crypto’s technological breakthrough was not as a superior payment method but as a superior form of money, the report said.
( 32
min )
Birkenstock set to begin trading after $1.5 billion IPO, Fed officials double down on the 2% inflation target, and other news to start your day.
( 35
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Caroline Ellison, the former co-head of Sam Bankman-Fried's hedge fund and a pivotal witness in his trial on fraud charges tied to the collapse of his FTX cryptocurrency exchange, is scheduled to retake the stand on Wednesday morning. Ellison, the former co-chief executive of Alameda Research, testified on Tuesday that she was part of a multibillion-dollar conspiracy led by Bankman-Fried to defraud FTX customers, investors and lenders. She is one of three former members of Bankman-Fried's inner circle who have pleaded guilty to fraud charges and agreed to cooperate with the Manhattan U.S. Attorney's office.
( 32
min )
Frankfurt-listed shares of Fresenius fell 12.03% to 24.35 euros ($25.83) in normal trading hours and Davita fell 17.3% to $75.51 in premarket hours. The early stop of the study could be negative for Fresenius as GLP-1 drugs like Ozempic could "potentially negatively impact" the size of the relevant patient population over time, Citi analyst Veronika Dubajova said in a note.
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🔎 Birkenstock (BIRK): The trendy shoe brand is set to start trading on the New York Stock Exchange today, in another test for the shaky market for public listings.
↘️ [**
( 23
min )
HP Inc. is increasing its annual dividend by 5%, Silk Road Medical reduces full-year revenue guidance, and Birkenstock makes its trading debut Wednesday.
( 20
min )
Micron and Intel stocks could benefit from signs of a chip recovery, as Samsung's profit dropped but it showed some improvement form previous quarters.
( 17
min )
Expensive labor leaves General Motors and Ford overdependent on American demand for big vehicles.
( 29
min )
By the time Bankman-Fried posted that tweet, Alameda had already made certain venture investments, but the executive wanted to up the ante significantly. In the "summer or fall of 2021," Bankman-Fried sent Ellison a potential bad scenario situation for FTX and Alameda, detailing a world in which the crypto market was down, Alameda's investments plunged and the company becomes worthless.
( 32
min )
Despite war in the Middle East, economic factors in fuel markets make it likely prices will keep dropping through the end of the year.
( 21
min )
Barron's looked for Russell 1000 companies that didn't have a single Buy recommendation. AMC was among those in the list.
( 22
min )
The incoming chief executive had run pharmacy-benefit manager Express Scripts.
( 29
min )
(Bloomberg) -- Exxon Mobil Corp. is in talks to pay more than $250 a share for Pioneer Natural Resources Co., according to a person familiar with the matter. Most Read from BloombergIsrael Latest: US Wants Qatar to Be an Intermediary With HamasIsrael Latest: Top US General Warns Iran to Stay Out of ConflictHamas Got Around Israel’s Surveillance Prowess by Going DarkAfghanistan’s Viral Supercar Makes Global Debut at Doha ShowSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingAn all-stock
( 32
min )
LONDON (Reuters) -Oil prices edged lower on Wednesday, as fears of disruption to supplies due to conflict in the Middle East receded, at least for the time being. Brent crude fell 49 cents, or 0.56%, to $87.16 a barrel by 1002 GMT. Brent and WTI had surged more than $3.50 on Monday on concern the military clashes between Israel and Palestinian Islamist group Hamas could escalate into a broader conflict, but settled slightly lower in Tuesday's session.
( 32
min )
The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months and 5.76% on a 6-month option from TotalDirectBank.
( 19
min )
High-yield savings accounts have already been paying their highest rates in 20 years. But today's new record rate means you can now earn earn even more.
( 19
min )
Ford, GM, and Stellantis have laid off a total of nearly 5,000 workers as the UAW strikes against the Big Three.
( 18
min )
Shares of German sandal maker Birkenstock sank over 12% on the company's first day of trading amid tepid demand for newly listed companies.
( 17
min )
Adjustable rate mortgage (ARM) usage fell after the subprime crisis in 2007 but is surging again due to high mortgage rates.
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min )
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The S&P 500 added 0.4% on Wednesday, Oct. 11, 2023, ahead of key consumer price data and with indications that the Fed may be cautious about hiking interest rates.
( 16
min )
Launched in the year 2011, Litecoin (LTC) is an alternative cryptocurrency based on the model of Bitcoin.
( 25
min )
Stellantis and Samsung SDI will spend $3.2 billion to build a second battery gigafactory in Indiana as part of their joint venture.
( 17
min )
Quantitative Investment Strategies Employ Mathematical Models and Algorithms to Identify Investment Opportunities.
( 31
min )
Accumulated depreciation is the cumulative depreciation of an asset up to a single point in its life.
( 28
min )
The Organization for Economic Co-Operation and Development proposed an international tax framework that, if ratified, would reallocate taxing rights to market jurisdictions.
( 20
min )
General Motors reached a tentative deal with Canadian autoworker union Unifor, which could add pressure to the union's negotiatiations with Stellantis.
( 17
min )
A proposed federal rule would ban companies from charging fees not included in advertised prices.
( 19
min )
Learn the difference between consumer surplus and economic surplus, how the concepts are related, and the important theoretical and economic implications of both.
( 24
min )
Quantitative analysis (QA) seeks to understand behavior by using mathematical and statistical modeling, measurement, and research.
( 31
min )
Student loan forgiveness measures were struck down by the Supreme Court in June 2023.
( 24
min )
Read about the history of deficit spending in the United States, dating back to 1789, and learn how Alexander Hamilton addressed budget shortfalls.
( 24
min )
Liquidity risk refers to the marketability of an investment and whether it can be bought or sold quickly enough to meet debt obligations and prevent or minimize a loss.
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min )
U.S. equites rose at midday on Wednesday, Oct. 11, 2023, as bond yields extended their decline and ahead of the release of minutes from the latest Fed meeting.
( 18
min )
The global coal industry could shed almost a million jobs between now and 2050, as existing mines around the world shutter while cheaper wind and solar power become more readily available.
( 18
min )
An Ozempic study for the treatment of chronic kidney disease was halted early after showing early signs of success, sending Novo Nordisk ADRs higher and shares of dialysis machine and insulin pump makers lower.
( 17
min )
Building business credit can make it easier to qualify for loans, but it's important to know how to establish a good business credit score.
( 25
min )
Starting a bookkeeping business requires some legal and financial know-how to help ensure your odds of success.
( 24
min )
Rates on 30-year mortgages plunged a third of a percentage point, for the biggest one-day drop since 2022. Rates sank by double-digit basis points for almost every loan type.
( 19
min )
Straight line basis is the simplest method of calculating depreciation and amortization, the process of expensing an asset over a specific period.
( 23
min )
Mortgage rates, which surged to two-decade highs last week, have hurt housing affordability so much that a jump to 8% wouldn’t make things significantly worse, according to a Zillow economist.
( 18
min )
HP shares rose after announcing its 2024 earnings guidance in line with estimates and a 5% dividend increase.
( 17
min )
Crude oil prices jumped more than 4% Sunday as a new conflict broke out between Israel and Hamas, but the fighting is unlikely to have a significant impact on prices.
( 18
min )
Read about how industrialization impacts economic growth in less developed countries (LDCs), using Hong Kong and Great Britain as examples.
( 27
min )
MonaCoin (MONA) is a digital currency predominantly used in Japan. Holders can use their MONA for tipping and payments. Learn more about MonaCoin.
( 24
min )
ExxonMobil agreed to buy shale driller Pioneer in an all-stock deal worth $59.5 billion, allowing the company greater access to the coveted Permian Basin region.
( 17
min )
Risk tolerance is an individual's emotional ability to tolerate risk such as declines in one's portfolios, while risk capacity is an objective standard determined by concrete financial circumstances and obligations.
( 30
min )
Uncovered interest rate parity (UIP) is a theory that the difference in two countries' interest rates is equal to the expected changes between their currency exchange rates.
( 25
min )
America’s second-largest group of minority depository institutions (MDIs) offers a potential solution for underbanked Latinx customers.
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min )
The Producer Price Index shows wholesale prices rose 0.5% in September, not as much of a drop from last month’s 0.7% increase that analysts were expecting, as gas prices helped push inflation higher.
( 17
min )
Micromining is a lightweight mining activity in which a low-end hardware device performs the basic activity of transaction authentication.
( 23
min )
We take a look at investor attitudes to war and uncertainty as the Russian invasion of Ukraine plays out and the world remains on edge.
( 26
min )
Bitcoin halving explained. Find out about Bitcoin's halving process works and what it means for Bitcoin's price and its users.
( 24
min )
The Latin phrases "ceteris paribus" and "mutatis mutandis" are often used as economic shorthand.
( 21
min )
The October effect is the theory that stocks tend to decline during the month of October. This supposed market anomaly, however, has little data to support it.
( 25
min )
Shares of German sandal maker, Birkenstock, will make their debut under the 'BIRK' ticker on the New York Stock Exchange today.
( 18
min )
Discover investment opportunities with ETFs that invest in precious and base metals such as gold, silver, platinum, copper and nickel.
( 21
min )
Bitcoin (BTC) is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments.
( 29
min )
Cryptocurrency ETFs can provide a low cost of ownership for cryptocurrencies, but there are limitations to the types of funds you can access due to regulatory issues.
( 24
min )
The ledger balance is computed by a bank at the end of each business day and includes all withdrawals and deposits to calculate the total amount of money in the bank account.
( 23
min )
Find out the business skills employers look for in recent MBA grads and why certain soft skills are more valued than ones like finance and marketing.
( 22
min )
A qualified charitable organization is a nonprofit organization that qualifies for tax-exempt status according to the U.S. Treasury.
( 24
min )
Dit jaar is de doorsnee studieschuld met meer dan 4 procent gestegen, naar zo'n 17.100 euro. Daar komt bij dat de rente per 2024 gaat vervijfvoudigen: van 0,46 naar 2,56 procent. Dat leidt tot bezorgdheid. Op ons reactieplatform NUjij vertelden lezers over hun studieschuld en zorgen daarover.
( 10
min )
Stockholm is de eerste grote hoofdstad die benzine- en dieselauto's uit het centrum weert. De Zweedse hoofdstad wil zo vervuiling en lawaai terugdringen. Vanaf 2025 mogen alleen elektrische auto's nog de binnenstad in.
( 8
min )
Volkswagen moet een Nederlandse koper van een zogenoemde sjoemeldiesel 4.400 euro schadevergoeding betalen. De Consumentenbond roept de Duitse automaker op om over een schikking voor de duizenden andere gedupeerden te praten.
( 9
min )
Het duurt minstens vijf maanden om het lek in de kapotte onderzeese gaspijplijn tussen Finland en Estland te repareren. De gastoevoer komt op zijn vroegst weer op gang in april, laten de beheerders van de Finse en Estse gassystemen weten.
( 9
min )
Verzekeraar ASR gaat de komende 2,5 jaar banen schrappen van 260 medewerkers, bevestigt een woordvoerder na berichtgeving van Leeuwarder Courant. Na de overname van branchegenoot Aegon vorig jaar zijn er veel dubbele functies binnen het bedrijf.
( 8
min )
Werknemers die een geliefde hebben verloren, zijn vaak ontevreden over de steun van hun werkgever. Vooral degene die verlofdagen moest opnemen tijdens de rouwperiode voelt zich in de steek gelaten. Op ons reactieplatform NUjij vertelden lezers over hun eigen ervaringen.
( 10
min )
Honderden klimaatactivisten van Greenpeace en Extinction Rebellion blokkeren woensdag het hoofdkantoor van de Rabobank in Utrecht. Ze willen dat de bank stopt met het financieren van de industriële landbouw. Rabobank-medewerkers kunnen het pand wel uit, maar niet meer in, zeggen de actievoerders.
( 9
min )
Bedrijven die online vapes verkopen, worden harder aangepakt. Dat heeft demissionair staatssecretaris Maarten van Ooijen (Volksgezondheid) gezegd. Lang niet alle verkopers houden zich aan het verbod, blijkt uit een onderzoek van RTL Nieuws.
( 9
min )
Het Adviescollege ICT-toetsing adviseert de Tweede Kamer om te stoppen met de ontwikkeling van het toekomstige communicatiesysteem voor Nederlandse hulpdiensten. Het NOOVA-netwerk moet het problematische C2000 vervangen.
( 9
min )
Na het pijnlijke einde van de productie van MINI's, waardoor veel werknemers hun baan verliezen, krijgt VDL Nedcar in het Limburgse Born toch een nieuwe klus voor BMW. Maar daarmee zijn wel veel minder banen gemoeid.
( 8
min )
LVMH, bekend van merken als Louis Vuitton, Dior en Moët & Chandon, heeft teleurstellende cijfers gepresenteerd. De verkoop van luxemerken neemt amper nog toe en er is veel minder champagne en cognac verkocht.
( 9
min )
Het prijsverschil tussen Nederlandse en Belgische benzinepompen loopt verder op. In België is de maximale benzineprijs dinsdag verlaagd naar 1,77 euro. Automobilisten in Nederland zijn al gauw 45 cent meer kwijt.
( 9
min )
LVMH, bekend van merken als Louis Vuitton, Dior en Moët & Chandon, heeft teleurstellende cijfers gepresenteerd. De verkoop van luxemerken neemt amper nog toe en er is veel minder champagne en cognac verkocht.
( 9
min )
De miljardenfraude die bijdroeg aan de val van cryptoplatform FTX gebeurde in opdracht van topman Sam Bankman-Fried. Dat zei zijn ex-partner en naaste medewerker Caroline Ellison dinsdag tijdens de rechtszaak tegen de FTX-eigenaar.
( 10
min )
LVMH, bekend van merken als Louis Vuitton, Dior en Moët & Chandon, heeft teleurstellende cijfers gepresenteerd. De verkoop van luxemerken neemt amper nog toe en er is veel minder champagne en cognac verkocht.
( 9
min )
De Europese Commissie heeft aanwijzingen dat het sociale netwerk X wordt gebruikt om desinformatie en illegale content over het conflict in Israël te verspreiden. Eurocommissaris Thierry Breton heeft X-directeur Elon Musk opgeroepen harder op te treden.
( 9
min )
Het aantal vliegtuigpassagiers zal dit jaar mede door duurdere tickets en de oorlog in Oekraïne waarschijnlijk iets kleiner zijn dan in 2019, het jaar voor de coronapandemie. Maar luchtvaartkoepel ACI verwacht dat volgend jaar wel meer mensen het vliegtuig zullen pakken.
( 8
min )
Samsung ziet zijn omzet en winst hard dalen. Consumenten geven minder uit aan telefoons, accessoires en andere elektronica. Ook verkoopt het Zuid-Koreaanse bedrijf minder geheugenchips.
( 8
min )
De Bijenkorf gaat tientallen banen op het hoofdkantoor schrappen. Die ingreep is volgens de warenhuisketen nodig vanwege de uitdagende tijden in de sector en oplopende kosten.
( 8
min )
Ook in 2024 zal de autoverkoop niet aantrekken, verwachten brancheorganisaties BOVAG en RAI Vereniging. Ze schatten dat er volgend jaar 360.000 nieuwe personenauto's worden geregistreerd, ongeveer evenveel als dit jaar.
( 8
min )
Business development is a process aimed at growing a company and making it more profitable and successful. Here is how it works.
( 28
min )
Correlation coefficients of greater than, less than, and equal to zero indicate positive, negative, and no relationship between the two variables.
( 28
min )
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
( 30
min )
The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months and 5.76% on a 6-month option from TotalDirectBank.
( 21
min )
Google is furthering its goal for a password-free future, making its passkey technology a default on personal accounts.
( 17
min )
The Federal Reserve could be done raising its benchmark interest rate, at least for the time being, according to a recent string of remarks by Fed officials.
( 19
min )
U.S. Treasury yields fell Tuesday as some investors sought safety from international conflict in the bond market, and others took comfort in recent comments from Federal Reserve officials.
( 17
min )
The S&P 500 gained 0.5% on Tuesday, Oct. 10, 2023, following suggestions that the Fed may adopt a more cautious approach to raising interest rates.
( 16
min )
Limit orders and stop orders tell your broker how you want to fill your trades but operate differently.
( 27
min )
Turnover is an accounting concept that measures how quickly a business either collects cash from accounts receivable or sells its inventory. Learn why it matters.
( 26
min )
U.S. consumers expect higher inflation in one year from now and the next three years, but lower inflation in five years, a survey by the New York Federal Reserve Bank found.
( 18
min )
Microsoft and Alphabet's Google introduced new AI Initiatives to help organizations in the health care industry improve their use of data and access to information.
( 17
min )
Managerial accounting is the practice of analyzing and communicating financial data to managers, who use the information to make business decisions.
( 26
min )
The price-to-book (P/B) ratio compares a company's market value to its book value. It's an easy way to determine a company's value but has drawbacks. Learn more.
( 29
min )
Amazon kicked off the Prime Big Deal Days event to get customers to open up their wallets for early holiday spending, but history suggests that this sequel is unlikely to break the sales record set by Prime Day in July.
( 18
min )
Chipmaker AMD announced it will boost its AI-related offerings with the purchase of Nod.AI, an open-source artificial intelligence (AI) software startup.
( 17
min )
Personal loan rates edged up to 20.91% this week, giving up 5 basis points since last week when the average personal loan rate stood at 20.96%.
( 18
min )
Wealthfront and Betterment both earned spots in our best robo-advisor awards. Compare the two robo-advisors to learn how their investing platforms can work for you.
( 30
min )
Trading volume and open interest are key numbers to watch when buying and selling options. Together they can indicate liquidity, trader interest, and price strength.
( 29
min )
A syndicated loan is a loan offered by a group of lenders (called a syndicate) who work together to provide funds for a single borrower.
( 25
min )
The American Academy of Financial Management was a globally recognized academic institution that issued a number of credentials and designations.
( 23
min )
A soft landing for the global economy is likely according to International Monetary Fund projections published on Tuesday.
( 17
min )
Inflation and hiring difficulties sent optimism among small business owners to its lowest level in four months in September, the NFIB found.
( 16
min )
Rates on 30-year mortgages jumped two-tenths of a percentage point to set yet another 23-year record high. It's the fourth record peak registered in just over a week.
( 19
min )
U.S. equities were higher at midday on Tuesday, Oct. 10, 2023, amid optimism the Fed might pull back on its tight monetary policy following comments by Fed officials.
( 16
min )
PepsiCo exceeded estimates for quarterly profit and sales, and lifted its earnings outlook as it benefited from higher prices.
( 17
min )
About 4,300 workers in Canada went on strike against General Motors there after a tentative deal fell through.
( 17
min )
Examine the relationship between inflation and GDP, learn why GDP growth leads to higher prices and understand the effects of uncontrolled inflation and GDP growth.
( 23
min )
The Universal Service Fund was set up to increase access to telecommunications services for all Americans across the country.
( 26
min )
Defining an entrepreneur is difficult, as there is no one-size-fits-all description, and people become entrepreneurs in different ways.
( 24
min )
Understand the difference between exchange-traded funds and closed-end funds, and learn how investors can use each to meet investment objectives.
( 21
min )
The Nasdaq 100 Index Includes Companies From Various Sectors Except for Companies in the Financial Sector. Discover More About the Nasdaq 100.
( 24
min )
Bitcoin, the first and most popular cryptocurrency, is finite. What happens when it reaches its total maximum supply of 21 million bitcoins?
( 24
min )
Isabella Guzman is the administrator of the Small Business Administration and was Director of the California Office of the Small Business Advocate.
( 22
min )
Choosing between ETFs and mutual funds can be tough for young investors. Here are some things to consider.
( 26
min )
After most of the year saw the stock market on the rise, the markets are going through a volatile period. J.P. Morgan’s U.S. Head of Investment Strategy Jacob Manoukian claims each such period has its own unique character and this one has been defined by U.S. Treasury yields. Last week, interest rates on 10-year U.S. government debt climbed to 4.88%, amounting to a 16-year high, before pulling back to 4.65%. “Treasury yields are like the foundation that the rest of financial markets are built on
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min )
(Bloomberg) -- Asian stocks rose to follow Wall Street higher after traders scaled back wagers on Federal Reserve rate hikes, with expectations of further China stimulus helping drive gains. Most Read from BloombergIsrael Latest: Israeli Death Toll in Hamas Attack Reaches 1,200Hamas Got Around Israel’s Surveillance Prowess by Going DarkIsrael Latest: Top US General Warns Iran to Stay Out of ConflictAfghanistan’s Viral Supercar Makes Global Debut at Doha ShowChina Mulls New Stimulus, Higher Defic
( 34
min )
Stocks are rising despite war in the Middle East, confounding economic data, and a House of Representatives without a speaker.
( 23
min )
(Bloomberg) -- Google’s Sundar Pichai raised concerns years before he became the company’s chief executive officer that its deal with Apple Inc. had bad “optics” because there was no choice of which search engine to use in the company’s web browser.Most Read from BloombergIsrael Latest: US Wants Qatar to Be an Intermediary With HamasIsrael Latest: Top US General Warns Iran to Stay Out of ConflictHamas Got Around Israel’s Surveillance Prowess by Going DarkAfghanistan’s Viral Supercar Makes Global
( 34
min )
Todd Combs won over Charlie Munger with his broad knowledge and way of thinking, and impressed Warren Buffett with his deep understanding of stocks.
( 34
min )
Caroline Ellison spent Tuesday afternoon describing a series of back-and-forth discussions between her and FTX founder Sam Bankman-Fried about the precarious financial situation of Alameda Research.
In spreadsheets and Google Docs, Ellison, former CEO of Alameda, analyzed Alameda’s shaky finances w
( 22
min )
The IRS is transferring the $7,500 EV purchase tax credit to dealers after this year. And states are offering big savings, too.
( 20
min )
LVMH Moët Hennessy Louis Vuitton, the world’s biggest luxury-goods company, struggled to lure big-spending Chinese consumers back to its boutiques after the end of China’s pandemic restrictions.
( 29
min )
Sales growth decelerated across most of LVMH's business segments.
( 17
min )
Caroline Ellison said she raised concerns about Alameda Research’s line of credit on FTX to the exchange’s founder Sam Bankman-Fried in 2022, prior to the bankruptcy. At the time, FTX was conducting an audit of its finances to appeal to potential investors. Ellison told the government lawyer that sh
( 22
min )
Boeing delivered 105 jets in the third quarter including 69 MAX jets. Wall Street was looking for 118 jets delivered including about 77 MAX jets.
( 17
min )
Stocks are rising despite war in the Middle East, confounding economic data, and a House of Representatives without a speaker.
( 23
min )
The IRS is transferring the $7,500 EV purchase tax credit to dealers after this year. And states are offering big savings, too.
( 18
min )
Groupon, which has said it may not be able to survive as a going concern, sold part of its holding in the payment business SumUp for less than half of expectations.
( 20
min )
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Rates on 30-year mortgages jumped two-tenths of a percentage point to set yet another 23-year record high. It's the fourth record peak registered in just over a week.
( 19
min )
Truist stock was getting a lift from the reports, which hint at the business simplification that is central to the bull case.
( 18
min )
FTX founder’s ex-girlfriend cut a deal with prosecutors in 2022 while co-founder Gary Wang will also testify
( 32
min )
Former Alameda Research CEO Caroline Ellison is set to testify today at Sam Bankman-Fried's fraud trial over FTX's failure. Wall Street Journal reporters will bring you live updates on the proceedings.
( 21
min )
Starting Jan. 1, EV buyers can receive rebates of up to $7,500 right at the dealership
( 28
min )
A Roth conversion ladder can be a smart strategy that allows you to move funds gradually from one account (traditional IRA) to another (Roth IRA) without triggering any tax penalties. This conversion takes place over several years, and is carefully planned out in advance. In simpler terms: A Roth conversion ladder could let you bypass […] The post How a Roth IRA Conversion Ladder Works appeared first on SmartReads by SmartAsset.
( 33
min )
Cathie Wood’s investing philosophy is based on unwavering conviction in a portfolio heavily favoring high-growth names with disruptive qualities. But against an economic backdrop of soaring inflation and high interest rates, that strategy wilted during 2021 and 2022. However, Wood’s Ark Invest’s flagship ARKK fund appears to have got its mojo back this year, and looking ahead to the post-high rate landscape, that is something Wood expects will continue. “The fear of rising interest rates hurt ou
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min )
Rivian upgraded, Qorvo downgraded: Wall Street's top analyst calls
( 34
min )
UBS analyst Joseph Spak upgradesshares of Rivian Automotive to Buy from Hold. He reduces his price target to $24 a share from $26.
( 17
min )
Citi analysts downgraded Skyworks Solutions and Qorvo to Sell from Neutral in a Tuesday report. It kept Buy ratings on Nvidia and Marvell.
( 15
min )
Lockheed Martin, General Dynamics and L3Harris rose further in early Tuesday trading after a jump on Monday.
( 23
min )
Bitcoin and other cryptocurrencies were little changed Tuesday as tokens swung alongside wider moves in risk-sensitive assets.
( 16
min )
AMD said on Tuesday it plans to buy an artificial intelligence startup called Nod.ai as part of an effort to bolster its software capabilities. In its race to catch rival chipmaker Nvidia, Advanced Micro Devices plans to invest heavily in the critical software necessary for the company's advanced AI chips. Through more than a decade of work, Nvidia has built a powerful advantage in the AI chip market through the software it makes, and the software developer ecosystem.
( 32
min )
Lockheed Martin, General Dynamics and L3Harris rose further in early Tuesday trading after a jump on Monday.
( 23
min )
OSLO (Reuters) -A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the Baltic Sea have been damaged in what may have been a deliberate act, the Finnish government said on Tuesday. NATO Secretary General Jens Stoltenberg said NATO was sharing its information over the damage and stands ready to support the allies concerned. The Balticconnector gas pipeline was shut early on Sunday on concerns that gas was leaking from a hole in the 77-km (48 miles) pipeline.
( 32
min )
The mirage of presenteeism is a relic of the past, one that modern organizations would do well to look beyond.
( 36
min )
The development comes as aviation suppliers are seeing a faster-than-expected rebound in air travel. Its new segments will be automation, the future of aviation and energy transition. "This simplified structure will enable Honeywell to realize synergies that will accelerate our innovation playbook," Chief Executive Officer Vimal Kapur said.
( 32
min )
↗️ Unity Software (U): The tech company [said late Monday that Chief Executive John Riccitiello was stepping down](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-10-10-2023/card/unity-software-stock-jumps-after-ceo-departs-DzToypP621Wwxc
( 23
min )
I’m 58 and I have $700,000 in 401(k)s and IRAs. I have no credit card debt, no auto loan payments and no student loans. I sold my home in California and paid cash for a house in Texas, so I have no mortgage. I’m retired military and bring in about $2,200 per month after taxes. […] The post Ask an Advisor: How Do I Cover $3,000 in Monthly Living Expenses? I’m 58 With $700k in Retirement Savings, But I Won’t Collect Social Security for 7 Years appeared first on SmartReads by SmartAsset.
( 35
min )
PepsiCo (PEP) raised its full-year earnings outlook as consumers digested higher prices and kept splurging on Cheetos, Lay’s and Gatorade.
Shares of PepsiCo rose 2.8% to $165.80 in premarket trading. Through Monday trading, the stock had fallen near
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PepsiCo's third-quarter earnings and revenue top analysts' estimates, Unity Software Chairman and CEO John Riccitiello is retiring, Northrop Grumman stock extends gains, and Rivian shares are upgraded.
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NEW YORK (Reuters) -Caroline Ellison, the former chief executive officer of Sam Bankman-Fried's hedge fund, took the stand on Tuesday as the star witness in the former crypto mogul's fraud trial. Ellison, who was also once Bankman-Fried's romantic partner, is one of three former members of the 31-year-old former billionaire's inner circle who have pleaded guilty to fraud charges and agreed to cooperate with the Manhattan U.S. Attorney's office. Prosecutors are likely to ask Ellison about her personal relationship with Bankman-Fried.
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Small-capitalization stocks can supercharge portfolios on the other side of economic downturn.
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(Bloomberg) -- Asian shares advanced while Treasuries jumped following comments on rates from Federal Reserve officials that fueled speculation the US central bank may stand pat until year-end.Most Read from BloombergIsrael Latest: Top US General Warns Iran to Stay Out of ConflictSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionBank of America’s Wrong-Way Rate Bet Hurts Moynihan’s Growth PledgeStocks Shrug Off Losses After Feds
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(Bloomberg) -- The conflict between Israel and Hamas has turned the spotlight on billions of dollars in Israel-linked fund assets, as money managers gauge the toll on businesses operating in the war-stricken country. Most Read from BloombergIsrael Latest: Top US General Warns Iran to Stay Out of ConflictSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionBank of America’s Wrong-Way Rate Bet Hurts Moynihan’s Growth PledgeAt least $
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The ongoing conflict in the Middle East impacted prices of riskier assets, such as bitcoin, on Monday.
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(Bloomberg) -- As bond markets everywhere get battered by a cocktail of higher interest rates, deficit angst and hawkish central bankers, one class of debt instrument is handing creditors double-digit returns: catastrophe bonds.Most Read from BloombergIsrael Latest: Top US General Warns Iran to Stay Out of ConflictSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionBank of America’s Wrong-Way Rate Bet Hurts Moynihan’s Growth Pledg
( 35
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(Bloomberg) -- Chinese developer Country Garden Holdings Co. ramped up warnings that it’s set for its first-ever default and hired advisers, the strongest indications yet the company is headed for a restructuring that would be one of the nation’s biggest.Most Read from BloombergIsrael Latest: First Round of US Security Aid Is on the WaySchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionStocks Shrug Off Losses After Fedspeak; Oil
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Top economist reveals his personal investment strategy on the FT’s Money Clinic podcast
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Chinese electric vehicle (EV) startup WM Motor has filed for bankruptcy, according to the national enterprise bankruptcy information disclosure platform. A court in Shanghai is handling the bankruptcy case, according to the disclosure dated Monday.
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(Bloomberg) -- Executives at one of China’s largest copper trading houses have lost contact with the company’s founder and believe that he has been detained by police for questioning, according to people familiar with the matter.Most Read from BloombergIsrael Latest: Biden Says at Least 11 Americans Have Been KilledSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionStocks Shrug Off Losses After Fedspeak; Oil Climbs: Markets WrapH
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(Bloomberg) -- Treasuries jumped the most since March after dovish comments from Federal Reserve officials and conflict in the Middle East fueled a flight to safer assets. Most Read from BloombergIsrael Latest: First Round of US Security Aid Is on the WaySchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionStocks Shrug Off Losses After Fedspeak; Oil Climbs: Markets WrapYields on US 10-year notes fell as much as 18 basis points to 4
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The troubled developer cancelled a $19 billion debt restructuring. Investors in its bonds say the move could ripple through the entire sector.
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Niet alle werknemers die een dierbare verliezen zijn even tevreden met de steun van hun werkgever. Vooral mensen die hun vakantiedagen moesten inzetten in de rouwperiode misten steun van hun baas.
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Alle Nederlandse en Belgische vestigingen van donut- en koffieketen Dunkin' komen in handen van de horecafamilie Van der Valk.
( 9
min )
Je ziet ze nu veel voorbijkomen op sociale media: schoolfoto's van mensen uit de tijd dat ze net begonnen te puberen. Maar dit zijn helemaal geen echte foto's. Kunstmatige intelligentie maakt een jarennegentigversie van de geportretteerde persoon.
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Een zondag ontdekt gat in een gaspijpleiding tussen Finland en Estland is volgens de Finse president Sauli Niinistö waarschijnlijk het gevolg van "activiteit van buitenaf". Hij benadrukt dat de oorzaak van het lek nog onduidelijk is.
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Nederland gaat zich deze week niet voor of tegen het gebruik van glyfosaat uitspreken in Brussel, maar onthoudt zich van stemming. De Kamer nam eerder een motie aan voor een verbod op de onkruidverdelger.
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Energiecontracten mogen ook in de toekomst nog aan de deur en via de telefoon worden verkocht. Het is door Europese wetgeving niet mogelijk om dit in Nederland te verbieden, schrijft demissionair minister Rob Jetten (Energie) dinsdag in een Kamerbrief.
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Veel ongevallen op het werk worden niet gemeld bij de Nederlandse Arbeidsinspectie, terwijl dat wel verplicht is. In veel gevallen komt het doordat werkgevers niet op de hoogte zijn van de meldplicht.
( 9
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De nachttrein tussen Brussel en Berlijn rijdt vanaf maart 2024 door naar Dresden en Praag. Spoorbedrijf European Sleeper heeft genoeg wagons verzameld om reizigers te kunnen vervoeren naar Tsjechië.
( 9
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Het demissionaire kabinet komt met nieuwe maatregelen om malafide uitzendbureaus hard aan te pakken als ze misbruik maken van arbeidsmigranten.
( 10
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Demissionair minister Robbert Dijkgraaf (Onderwijs) vindt dat alle hbo-studenten een "passende" stagevergoeding verdienen. Nu zijn ruim vier van de vijf onderwijsstages nog onbetaald, blijkt uit onderzoek onder zo'n zeventienhonderd studenten.
( 9
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De economische groei van Nederland en meerdere andere Europese landen komt bijna tot stilstand, voorspelt het Internationaal Monetair Fonds (IMF). De prijzen voor consumenten blijven waarschijnlijk nog een tijd behoorlijk stijgen.
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De economische groei van Nederland en meerdere andere Europese landen komt bijna tot stilstand, voorspelt het Internationaal Monetair Fonds (IMF). De prijzen voor consumenten blijven waarschijnlijk nog een tijd behoorlijk stijgen.
( 10
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In september zijn nieuwe loonafspraken uitgekomen op gemiddeld 7,2 procent. Dat is een stuk lager dan de maanden hiervoor.
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De populariteit van thuiswerken heeft meer impact op de drukte in de trein en bus dan op de weg of het fietspad. Uit onderzoek blijkt dat ov-gebruikers nog veel vaker zijn gaan thuiswerken dan voor de pandemie.
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De Nederlandse industriesector heeft in 2023 tot dusver minder geproduceerd dan een jaar eerder. In augustus nam de productie met 8 procent af. Vooral de machine-industrie maakt minder.
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De inflatie in september was maar 0,2 procent. Dit cijfer wordt stevig beïnvloed door een nieuwe meetmethode voor energieprijzen. Zonder energie zou de inflatie 5,5 procent zijn.
( 9
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Het Nederlandse energieverbruik is vorig jaar met bijna 11 procent gedaald. Daarmee gebruikten we in 2022 ongeveer net zoveel energie als in 1970.
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As investors become more environmentally conscious, they have access to an increasing number of green exchange-traded funds (ETFs).
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The Dow Jones gained 197 points after Fed officials suggested the recent rise in Treasury yields could lessen the need for further rate hikes to curb inflation.
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The S&P 500 rebounded from earlier losses to finish 0.6% higher on Monday, Oct. 9, 2023 after Fed officials suggested the recent surge in Treasury yields could diminish the likelihood of further interest rate hikes to curb inflation.
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Payment-in-Kind (PIK) is the use of a good or service as payment instead of cash. It also refers to certain financial instruments.
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Citigroup said it would sell its consumer wealth portfolio in China to HSBC Bank China as the financial firm continues to shed overseas assets in an effort to shrink the size of its operations.
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Sales of Tesla's China-made EVs dropped 12% in September from August and were down 10.9% from a year ago.
( 17
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Despite their popularity, exchange-traded funds, or ETFs, have some drawbacks that investors should know about.
( 30
min )
Multilevel marketing (MLM) is a monetary strategy used by direct sales companies to encourage existing distributors to recruit new distributors.
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Discover all the reasons ETFs typically have lower fees than mutual funds, including their passive management and the absence of load and 12b-1 fees.
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U.S. equities were lower while oil prices climbed at midday on Monday, Oct. 9, 2023, amid concerns about conflict in the Middle East after fighting between Hamas and Israel broke out over the weekend.
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OPEC raised its estimate for medium- and long-term demand for oil, and suggested trillions of dollars in spending would be needed to keep up with that higher demand.
( 17
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Bristol-Myers Squibb agreed to pay up to $5.8 billion for Mirati Therapeutics to boost its portfolio of cancer-fighting treatments.
( 18
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The United Auto Workers union started a strike against Mack Trucks after rejecting a tentative deal with the company owned by Volvo Group.
( 16
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Learn about how ETFs can be safe investment options, if you know which funds to choose, including the basics of both indexed and leveraged ETFs.
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An ETF is a good way to get broad exposure without taking on specific risk, but calculating performance may be a bit tricky.
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The United Auto Workers (UAW) union started a strike against Mack Trucks after rejecting a five-year contract with the Volvo Group-owned company, while stock futures were trading lower in the pre-market and oil prices climbed amid concerns about conflict in the Middle East. Here’s what investors need to know today.
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Learn Which Countries Benefit the Most From the Global Obsession With Sweets.
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The deep level of liquidity and long-term trending qualities of the eurodollar futures market present opportunities for small and large traders alike.
( 25
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Gambling is never a reliable source of supplementary income. Read on to find out why.
( 25
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Learn about the primary characteristics of value ETFs and growth ETFs, and discover how to choose between the two when building a portfolio.
( 20
min )
Is it ever worth playing the lottery? Discover the probability of winning and the best way to collect the funds if you happen to win.
( 30
min )
Lawrence Klein was an American economist and winner of the 1980 Nobel Memorial Prize in Economics.
( 22
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As the New Year approaches, it’s time to turn your thoughts to your financial goals and the investing resolutions that you need to make to achieve them.
( 24
min )
A sportsbook is a company or entity that accepts bets.
( 26
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Jordan Belfort, the "Wolf of Wall Street," is a former stockbroker who spent 22 months in jail for securities fraud. Learn more about Belfort's career and crimes.
( 25
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Learn the important distinction between pre-money and post-money valuation and how it affects ownership percentages.
( 24
min )
There are several student loan repayment options you can choose from to pay off your debt. Learn what they are and how to pick the right one for you.
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The September jobs report exceeded expectations with the addition of 336,000 jobs last month, nearly double the amount anticipated on Wall Street. Add that ‘goldilocks’ figure to minimal wage inflation, and the scene is set for a soft landing for the economy, says Wedbush’s Daniel Ives, a 5-star analyst rated in the top 2% of the Street’s stock pros. This, in turn, is great news for the tech sector. In fact, with earnings season about to kick off, Ives thinks Wall Street is poised to be caught o
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Personal incomes would have to soar to make up for the higher home payments created by rising mortgage rates.
( 33
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Truist Financial is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday, citing people familiar with the matter. Stone Point bought a 20% stake in the unit, known as Truist Insurance Holdings, in April in a deal that valued the business at $14.75 billion. When the transaction was unveiled in February, before the industry turmoil, Truist said it would continue to own 80% of the unit.
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While investors want to see Pepsi beat earnings, what it says about Ozempic and other weight-loss drugs could be just as important.
( 16
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(Bloomberg) -- Smithfield Foods Inc. will close a North Carolina pork plant, the latest move in an industry-wide effort to counter a supply glut. Most Read from BloombergIsrael Latest: Top US General Warns Iran to Stay Out of ConflictSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingHamas Got Around Israel’s Surveillance Prowess by Going DarkBrutality of Surprise Attack Unites Israel Around One Goal: Crush HamasXi’s Reply to Hamas Attack Shows China’s Limit as PeacemakerProduction at th
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The S&P 500 rebounded from earlier losses to finish 0.6% higher on Monday, Oct. 9, 2023 after Fed officials suggested the recent surge in Treasury yields could diminish the likelihood of further interest rate hikes to curb inflation.
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(Bloomberg) -- Top Federal Reserve officials are coalescing around the idea that tighter financial conditions after a recent surge in US Treasury yields may substitute for additional increases in their benchmark interest rate.Most Read from BloombergIsrael Latest: Netanyahu Vows Retaliation Has ‘Only Started’Israel Latest: Over 1,100 Dead; US Sends Warships to RegionSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingOil Surges as Israel Conflict Reignites Middle East VolatilityFed Vice C
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Hamas' attack will play into the hands of the world's largest oil exporter, according to legendary hedge fund manager Pierre Andurand.
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Legendary investor Warren Buffett has achieved astounding returns throughout his career. From 1964 to 2022, his company Berkshire Hathaway Inc. (NYSE:BRK) delivered an overall gain of 3,787,464%, dwarfing the S&P 500's 24,708% return during the same period. Other than picking stocks that skyrocketed in value, Buffett also collects dividends — a lot of dividends. Buffett famously said, "If you don't find a way to make money while you sleep, you will work until you die." Don't Miss: Investing in r
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Investors have been jittery for months about banks, after the implosions of Silicon Valley Bank, First Republic, Credit Suisse and others. So what to make of [the $1.1 billion deal](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-10-09-2023/card/metro-bank-shares-soar-after-u-k-lender-
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Crypto traders suffered over $100 million of losses in liquidations on Monday, Coinglass data shows, as the digital asset market rout intensified.
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Top U.S. oil producer Exxon Mobil's planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the largest U.S. oilfield, squeezing pipeline companies and suppliers, executives and energy advisors said. Exxon, the fifth largest producer in the Permian, has set an up to 1 million-bpd target for its operations there for 2025 and more recently pushed it back to 2027. Buying Pioneer would boost its output to about 1.33 million barrels of oil and gas equivalent per day, well above its goal.
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While Warren Buffett is often cited for his memorable quotes on investing, his long-time business partner and billionaire Charlie Munger has his own share of wisdom to offer. Munger once stated, "The big money is not in the buying and the selling but in the waiting." This sentiment, though perhaps not as widely cited as some of Buffett's lines, holds tremendous weight in the investment world for several reasons. Don't Miss: Until 2016 it was illegal for retail investors to invest in high-growth
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In the vast ecosystem of investment and finance, few voices resonate with the clarity and depth of Charlie Munger, Warren Buffett's respected partner at Berkshire Hathaway Inc. One topic he has been vocal about is the pervasive influence of denial in decision-making processes, especially in investment management. "If I had to name one factor that dominates human bad decisions, it would be what I call denial," Munger said. "If the truth is unpleasant enough, people kind of — their mind plays tric
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(Bloomberg) -- The surprise attack on Israel by Hamas weighed on shares of global companies with local connections, including chipmakers and software providers, as investors fretted that the conflict could escalate.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionIsrael Latest: Army Reserves Called Up, Chevron Shuts Gas FieldOil Surges as Israel Conflict Reignites Middle East VolatilityAs Israel-Hamas War Rages, Oil Traders Focus on IranIsraelis Taken Hostage We
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(Bloomberg) -- The Treasury’s barrage of bill issuance is starting to cause some cracks to appear in the US dollar funding space. Most Read from BloombergIsrael Latest: First Round of US Security Aid Is on the WaySchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionStocks Shrug Off Losses After Fedspeak; Oil Climbs: Markets WrapOn days when US note and bond auctions settle, the rates on overnight repurchase agreements — those loans
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When interest rates were low, it was difficult for bond investors to earn a decent yield. Just ask DoubleLine Capital Founder Jeffrey Gundlach. Speaking at a recent investment conference in New York, Gundlach recalled what the bond market was like in 2016. He said if you wanted to earn a 5% annual yield on a bond portfolio in those days, you had to buy a junk bond index, use leverage to boost returns and pray that issuers wouldn't default. Things have changed dramatically since then. Don't Miss:
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Wedbush analyst Dan Ives cut his Rivian stock price target to $25 from $32. He maintained his Buy rating on shares.
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Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a study from JPMorgan Chase shows that there is likely good reason to take out more. A withdrawal approach based solely on … Continue reading → The post 84% of Retirees Are Making This RMD Mistake appeared first on SmartAsset Blog.
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A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.
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Analysts at Citi see Nvidia continuing to maintain a 90% or so market share in the artificial intelligence GPU chip market over the next two to three years.
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There’s no one investing style guaranteed to generate big returns but for those looking to make headway in the markets, it’s worth checking out the systems used by the best in the business – the ones whose investing endeavors have pocketed billions in the process. For example, Steve Cohen, the founder of point72 Asset Management, has favored a high-risk, high-reward style, an aggressive mode of investment that has obviously worked wonders, given he has a net worth of $19.8 billion. On the other
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The United Auto Workers union started a strike against Mack Trucks after rejecting a tentative deal with the company owned by Volvo Group.
( 18
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Creating a trust fund for your grandchildren can be an effective strategy, not just for the wealthy, but for anyone interested in financial planning. It can provide a level of financial security and a safety net for the future. But doing so requires careful consideration, understanding of different trust types, clear instructions, and in many […] The post How to Create a Trust Fund for Your Grandchildren appeared first on SmartReads by SmartAsset.
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Tesla delivered some 74,000 units from its plant in Shanghai, down from about 83,000 a year ago. Investors are willing to wait to see fourth-quarter numbers.
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(Bloomberg) -- For years, Brian Moynihan told investors his bank would be a big winner when interest rates eventually, finally, one day went up. Bank of America Corp. had built a massive deposit base that would allow profits to soar when the Federal Reserve changed course.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionIsrael Latest: Army Reserves Called Up, Chevron Shuts Gas FieldOil Surges as Israel Conflict Reignites Middle East VolatilitySchumer Confronts X
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Analysts at Citi see Nvidia continuing to maintain a 90% or so market share in the artificial intelligence GPU chip market over the next two to three years.
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The yield curve is experiencing a bear steepening, signaling pain for the economy and stock market ahead.
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Hamas militants launched an assault on Israel on Saturday. Israel declared war on Hamas and launched retaliatory strikes.
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Evergrande’s 11th-hour cancellation of a $19 billion debt restructuring could lead to a messy collapse and have “a catastrophic effect” on other troubled companies in the sector, its bond investors said.
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Many job applicants feel pressure to lie on their résumé to get their foot in the door.
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Can you retire at 65 with $750,000 in a Roth IRA and $1,800 in monthly Social Security? Based on median incomes and the 10x rule, most people will need about $740,000 to finance a secure retirement. So in theory, a $750,000 Roth IRA and $1,800 in Social Security benefits will be enough for many individuals […] The post I Have $750K in a Roth IRA and Will Receive $1,800 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.
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Linnartz hopes to turn around a company hurt by slumping growth and controversies surrounding its founder.
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Walt Disney stock has suffered this year. Enter activist investor Nelson Peltz, whose Trian Fund Management has increased its stake in the company to more than $2.5 billion.
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The acquisition will help boost revenue by offsetting upcoming competition from generics for Bristol Myers Squibb’s best-selling products.
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(Bloomberg) -- When India decided to make a concerted push to green the world’s biggest two-wheeler market, a slew of electric scooter startups emerged almost overnight. Now, many are falling out of favor for sourcing parts from China instead of locally.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionIsrael Latest: Conflict Enters Third Day With Over 1,100 DeadAs Israel-Hamas War Rages, Oil Traders Focus on IranIsraelis Taken Hostage Were Ripped From Everyday A
( 32
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Exxon and Chevron shares rise after a surge in oil prices following the weekend attack on Israel from Hamas, Mirati Therapeutics stock falls after Bristol Myers agrees to buy the oncology developer in a deal valued at up to $5.8 billion, and a report says activist investor Nelson Peltz is seeking multiple board seats at Disney.
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Crude oil prices surged while stocks were mixed on Monday after the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. Conflict in the Middle East often raises the specter of higher oil prices given the risk of disruptions to supplies. “Disruptions or escalations in the region can have far-reaching implications for energy markets, global supply chains, and geopolitical dynamics,” Stephen Innes of SPI Asset Management said in a commentary.
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Schaeffler has offered €91 a share in cash for Vitesco Technologies, the first of three steps toward a combination of the two companies.
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The yield curve is experiencing a bear steepening, signaling pain for the economy and stock market ahead.
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(Bloomberg) -- A worsening economic backdrop leaves a dark cloud hanging over European companies preparing to report this earnings season.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranIsrael Latest: Over 1,100 Dead as Oil Jumps on Fear of Wider WarOil Surges as Hamas’ Attack on Israel Fans Middle East TensionsHamas Attack Thrusts Palestinians Back Into Center of MideastUpdates this week from luxury purveyor
( 33
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Share prices were mixed on Monday after the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. U.S. futures were lower and oil prices gained more than $3 a barrel. Conflict in the Middle East often raises the specter of higher oil prices given the risk of disruptions to supplies.
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The tech industry will be key in pushing the S&P 500 the next 5,000 points higher—and to make stocks worth owning over safer assets, DataTrek Research says.
( 21
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(Bloomberg) -- Gold rose on increased haven demand after tensions in the Middle East ramped up in the wake of the Hamas attack on Israel. Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceHamas Attack Thrusts Palestinians Back Into Center of MideastIsraelis Taken Hostage Were Ripped From Everyday ActivitiesThe precious metal gained as much as 1.2% in early As
( 32
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Columbus Day, which falls on Oct. 9 this year and is observed annually on the second Monday of October, comes after a rocky week for the stock market.
( 21
min )
The South Asian nation’s market has been a quiet outperformer for a decade. Now foreign investors are starting to pay attention.
( 27
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High short-term interest rates are exacerbating a natural desire to hunker down but there are better options
( 10
min )
Gold prices climbed more than 1% on Monday as dramatic clashes between Israeli and Hamas forces over the weekend raised the risk of a wider Middle East conflict and spurred a rush to safe haven investments like bullion. Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks in its history when Islamist group Hamas rampaged through Israeli towns on Saturday. Spot gold jumped 1% to $1,849.51 per ounce by 0317 GMT, having hit its highest level in a week.
( 32
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The U.S Department of Justice wants the judge overseeing its case against Sam Bankman-Fried to block the defense team from introducing any evidence that his stake in artificial intelligence company Anthropic will benefit FTX creditors after the company's recent fundraise.
( 31
min )
(Bloomberg) -- Chinese stocks fell as traders returned from the Golden Week holidays, with tourism data trailing some expectations and global uncertainties denting sentiment.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Thrusts Palestinians Back Into Center of MideastIsraelis Taken Hostage Were Ripped From Everyday ActivitiesHamas Attack Prompts Blame Around Israeli IntelligenceThe CSI 300 Index
( 31
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(Bloomberg) -- US stocks reeling from the impact of high bond yields are facing a new threat from an expected slew of profit warnings, triggered by fading US consumer spending trends.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceIsraelis Taken Hostage Were Ripped From Everyday ActivitiesIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasConcer
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De gemiddelde studieschuld is dit jaar met ruim 4 procent toegenomen. Vorig jaar was deze 16.400 euro, nu 17.100 euro. Daarnaast is er volgend jaar een behoorlijke stijging van de rente die over een studieschuld wordt betaald.
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De Europese Commissie schort de financiële hulp aan de Palestijnen toch niet op. Eerder op de dag liet de commissie weten dit juist wél te doen. Dit leverde veel vragen op. Zo had de commissie geen instemming van de EU-lidstaten.
( 9
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De gasprijs is in Europa verder gestegen, doordat het Amerikaanse energieconcern Chevron de opdracht kreeg om de productie bij een gasveld in Israël te staken. De Israëlische regering gaf deze order vanwege de onrust in de regio.
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De Europese Commissie laat maandag weten dat de ontwikkelingshulp aan de Palestijnen onder de loep wordt genomen. Alle betalingen zijn onmiddellijk stopgezet.
( 8
min )
Bol.com verandert van naam. De webshop gaat vanaf nu verder als bol, omdat het naar eigen zeggen niet langer duidelijk hoeft te maken dat het een online winkel is.
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Het Israëlische ministerie van Energie heeft opdracht gegeven om de productie in het Tamar-gasveld te staken vanwege onrust in de regio. Het gaat om een gasveld op zo'n 25 kilometer van de Middellandse Zeekust, binnen raketbereik van de Gazastrook.
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De Amerikaanse Harvard-econoom en historicus Claudia Goldin heeft de Nobelprijs voor de Economie gewonnen. Goldin verklaarde de loonkloof tussen vrouwen en mannen aan de hand van twee eeuwen geschiedenis. Ze is de derde vrouw ooit die deze Nobelprijs wint.
( 10
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Het Nederlandse landschap telt steeds meer grote distributiecentra die bovendien almaar groter worden, blijkt uit onderzoek van Planbureau voor de Leefomgeving. Dat is "het logische gevolg van beleid", terwijl de effecten op de omgeving niet altijd even prettig zijn.
( 10
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Het Nederlandse landschap telt steeds meer grote distributiecentra die bovendien almaar groter worden, blijkt uit onderzoek van Planbureau voor de Leefomgeving. Dat is "het logische gevolg van beleid", terwijl de effecten op de omgeving niet altijd even prettig zijn.
( 10
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De Israëlische centrale bank gaat voor 30 miljard dollar (28,5 miljard euro) aan buitenlandse valuta verkopen. Daarmee wil ze de waarde van de eigen munt, de sjekel, op peil houden.
( 8
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Nolet uit Schiedam heeft een overnamebod van bijna 270 miljoen euro gedaan op drankenconcern Lucas Bols. Volgens de bedrijven moet daardoor een "Nederlandse kampioen" ontstaan op de internationale drank- en cocktailmarkt.
( 9
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Kinderen krijgen hun zakgeld op steeds jongere leeftijd digitaal. Minder dan de helft van alle acht- en negenjarigen krijgt zakgeld nog contant. Digitaal bankieren is vaak gemakkelijker, maar brengt ook risico's met zich mee, waarschuwt budgetvoorlichter Nibud.
( 10
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Jeneverstokerij Nolet uit Schiedam heeft een overnamebod van bijna 270 miljoen euro gedaan op drankenconcern Lucas Bols. Volgens de bedrijven moet daardoor een "Nederlandse kampioen" ontstaan op de internationale drank- en cocktailmarkt.
( 9
min )
Oud-verkeersminister Tjerk Westerterp is zondag op 92-jarige leeftijd overleden in zijn woonplaats Ulvenhout. De voormalige CDA'er was ook de bedenker van de AEX-index.
( 8
min )
Kinderen krijgen hun zakgeld op steeds jongere leeftijd digitaal. Minder dan de helft van alle acht- en negenjarigen krijgt zakgeld nog contant. Digitaal bankieren is vaak gemakkelijker, maar brengt ook risico's met zich mee, waarschuwt budgetvoorlichter Nibud.
( 10
min )
Minder dan de helft (48 procent) van de vakantiegangers zegt bij het boeken van een reis rekening te houden met het milieu. Dat was vorig jaar nog 52 procent. Ook zijn minder mensen bereid extra te betalen voor duurzame vakanties.
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Het is een van de grootste uitdagingen in onze economie: het vinden van geschikt personeel. Toch heeft geen enkele partij een oplossing voor de krapte op de arbeidsmarkt in zijn verkiezingsprogramma staan.
( 10
min )
The surprise attack on Israel by Hamas could bring a spike in oil and gas prices, especially if the conflict escalates, analysts say.
( 34
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“The Federal Reserve will hold its penultimate FOMC meeting on October 31-November 1, and the odds that they’ll institute another interest rate hike have just jumped. The September jobs report came in, showing employment levels far above the forecast – 336,000 new jobs in the month, compared to the 170,000 expected – and that means increased inflationary pressures. Analysts now put the odds of a quarter-percent rate hike at 29%. The messages here are mixed. The jobs numbers look good – but incre
( 35
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The price of oil jumped more than 3% in Sunday evening trading after conflict erupted in the Middle East this weekend.
( 15
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(Bloomberg) -- Asian stocks look set to gain following a rebound on Wall Street Friday, while the dollar climbed as currency traders reacted to a shock attack by Hamas within Israel that left hundreds dead.Most Read from BloombergIsrael Latest: Israel Death Toll Rises to 700; US Sends CarrierAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasIsraelis Taken Hostage Were Ripped Fro
( 33
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The deal expands the pharmaceutical company’s portfolio of cancer drugs.
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(Bloomberg) -- One of the oil market’s most controversial data points of recent years — a measure of how much gasoline Americans consume — is pointing to a crash in demand that’s alarming traders the world over.Most Read from BloombergIsrael Latest: Israel Death Toll Rises to 700; US Sends CarrierAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasIsraelis Taken Hostage Were Rippe
( 34
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Bristol-Myers Squibb is set to acquire cancer drugmaker Mirati Therapeutics for $58 per share in cash, representing $4.8 billion equity value. Bristol-Myers Squibb will finance the transaction with a combination of cash and debt. The transaction is expected to be dilutive to Bristol-Myers Squibb's non-GAAP earnings per share by approximately 35 cents per share in the first 12 months after the transaction closes.
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“Iran remains a very big wild card,” said Helima Croft, chief commodities strategist at RBC Capital Markets.
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(Bloomberg) -- The dollar climbed against its major peers in early trading on Monday as currency traders got their first chance to react to a shock attack by Hamas within Israel.Most Read from BloombergIsrael Latest: Israel Death Toll Rises to 700; US Sends CarrierAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasIsraelis Taken Hostage Were Ripped From Everyday ActivitiesThe gre
( 33
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The week brings earnings reports from big banks, as well as from UnitedHealth, Delta, Domino's, and more. Economic releases include the Fed minutes, the consumer price index, and the producer price index.
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Investors are braced for a jump in oil prices after Israel declared war on Hamas, sparking fears of a “spiralling” crisis across the Middle East.
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Europe’s money-printing spree risks triggering bailouts across the Continent as governments pay the price of a decade of cheap money.
( 32
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A House panel has passed a bill that would temporarily expand the standard tax deduction used by the majority of taxpayers by $2,000 per person for the next two years. The Tax Cuts for Working Families Act (H.R.3936) recently approved by … Continue reading → The post Temporary Tax Plan Could Boost Your Standard Deduction By Up to $4,000 appeared first on SmartAsset Blog.
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Entering the field of financial advising can be lucrative, but earnings vary widely depending on factors like education, certification, firm, location and clientele. Experience is one of the most important drivers of financial advisor compensation, with veteran advisors typically able to bring home several times the earnings of newcomers to the field. Understanding the salary […] The post Starting Salaries for New Financial Advisors in the U.S. appeared first on SmartReads by SmartAsset.
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Money passed down to the next generation comes with feelings of gratefulness, loss and responsibility. In addition, receiving an inheritance worth hundreds of thousands of dollars can be jarring. It offers an extraordinary opportunity to secure your financial future, but doing so requires knowledge and discipline. From assessing your current financial standing to deploying savvy […] The post How to Build Wealth With an Inheritance appeared first on SmartReads by SmartAsset.
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A family limited partnership (FLP) is a complex structure that serves a strategic purpose for individuals desiring to manage and protect family assets, limit liability and potentially secure tax benefits. This article targets families interested in estate planning, providing a comprehensive understanding of how FLPs function, their advantages and disadvantages, as well as tips on […] The post What Is a Family Limited Partnership? appeared first on SmartReads by SmartAsset.
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Only top earners may be financially on track for retirement, according to Vanguard, which found investing played a key role in their ability to grow wealth.
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Most of 2023 has been defined by the big tech stocks driving bullish sentiment and overcoming 2022’s bear market. That said, since about halfway through the summer, the bull market has been on pause with the prospect of interest rates remaining high for longer than expected, among other macro factors, putting a dampener on proceedings. Still, going by the past week’s performance, there are signs the bulls’ charge is about to resume in earnest. In fact, with Q3 earnings season about to commence,
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Younger investors have brushed off the market losses of 2022. Many older investors have not
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With interest rates at multiyear highs, hedge funds and private-equity firms are pushing banks aside and financing one jumbo loan for American corporations after another.
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(Bloomberg) -- It was supposed to be one of the greatest stock-market comebacks of all time. But after a summer slump, there’s a nagging fear it might just keep slipping away. Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Evacuations Ordered for Communities Near GazaBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional Geopolitic
( 34
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(Bloomberg) -- The new higher-for-longer stage of global monetary policy may last only until the early months of 2024 as central banks begin moving toward cutting borrowing costs. Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Evacuations Ordered for Communities Near GazaBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional Geopol
( 51
min )
Shares of the chip maker were big holdings of the large-cap growth funds that led gainers over the past 12 months.
( 28
min )
US Senate is eyeing a bill that would allow banks to do business with cannabis companies – now, if only they would vote on it
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min )
Tyson Foods and other meat processors are closing plants amid high costs and falling demand, spelling economic turbulence for the communities where the plants are major employers.
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min )
Edgar Wachenheim III’s Greenhaven Associates sold Bank of America stock to allocate more money into Citigroup, whose “quality is much better than its reputation.”
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min )
A share sale plan between China Evergrande New Energy Vehicle Group, the electric-vehicle arm of embattled property developer China Evergrande and U.S.-listed NWTN has been halted, according to a Hong Kong bourse stock filing on Sunday. The suspension of the share subscription deal was due to "significant uncertainties" tied to the Evergrande group, the filing by the Chinese firm said. Previously, Evergrande said investigations had been initiated against the parent company, its founder and senior executives, while the firm's debt restructuring plan has also been derailed.
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When green levies began being added on to household power bills at the start of the millennium, the power industry cheered the policy as a leg-up for clean energy projects such as wind and solar.
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U.S. automaker Tesla sold 74,073 China-made electric vehicles (EVs) in September, a 10.9% decrease from a year earlier, showed data from the China Passenger Car Association (CPCA) on Sunday. Sales of China-made Model 3 and Model Y cars were down 12.0% from a month earlier. Chinese rival BYD, with its Dynasty and Ocean series of EVs and petrol-electric hybrid models, saw passenger vehicle deliveries grow 42.8% to 286,903 last month, from 200,973 in September last year.
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Businesses that loaded up on debt when interest rates were lower now face a growing risk of failure.
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Because a majority of companies historically beat expectations, some investors think the third quarter could see the first earnings growth in a year.
( 26
min )
Super Micro Computer Inc. (SMCI) shares are booming, up 253% in 2023. Mega demand for the stock is powering the surge.
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min )
Synopsys Inc. (SNPS) shares are booming, up 48% in 2023. Mega demand for the stock is powering the surge.
( 32
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(Bloomberg) -- It’s been less than a year since one euro was worth a dollar, and talk of the common currency falling back to that level is once again creeping into the market’s discourse.Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional GeopoliticsHamas Just Torched Biden’s Deal to Remake the Mi
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min )
Among the buyers still in the market are those relocating from more expensive places or taking advantage of less competition.
( 22
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Even almost four decades later, it remains an event scarred into the memory of the financial markets. After a violent storm had ripped across the country, knocking down trees and shuttering roads, trading systems that still relied on brokers shouting at each other across open floors had closed early for the weekend as the damage was cleared up.
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Investors long shrugged off U.S. deficits, but a torrent of Treasurys is testing the bond market.
( 27
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The set-it-and-forget-it approach can lead consumers to paying more in interest charges.
( 26
min )
(Bloomberg) -- Chinese markets are set to reopen after the Golden Week holidays against an uncertain global market backdrop, which may temper optimism from the spending boom at home.Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional GeopoliticsHamas Just Torched Biden’s Deal to Remake the Middle
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min )
The Halloween Massacre refers to Canada’s 2006 decision to tax all income trusts domiciled in Canada.
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min )
Cyber Monday is the Monday following American Thanksgiving, representing the day online retailers offer deep discounts.
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Kansas City Chiefs tight end, Travis Kelce, has been even more popular lately thanks to his rumored relationship with pop superstar Taylor Swift. The NFL star has a net worth of $30 million and makes millions off the field with savvy business ventures and partnerships.
( 19
min )
Only top earners may be financially on track for retirement, according to Vanguard, which found investing played a key role in their ability to grow wealth.
( 17
min )
Refinancing can lower your student loan payments. But does it make sense for your financial situation?
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Trading through a separate business structure allows active traders access to all of the tax mitigation and asset protection strategies available.
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min )
Trading volume is the number of shares of a security traded over a given period of time. Investors use this technical indicator to analyze trends and make decisions.
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Stockholders' equity is the remaining amount of assets available to shareholders after paying liabilities. Learn how to calculate stockholders’ equity.
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A gift of equity is the sale of a home below the current market value. The buyer is usually someone with whom the seller has a familial relationship.
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Een uitstootvrije staalfabriek is nergens ter wereld mogelijk, zei topman T.V. Narendran van het Indiase Tata Steel zondag in het tv-programma Buitenhof. Hij heeft grote twijfels of Tata bij IJmuiden in 2030 zonder kolen kan werken, zoals D66 wil.
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Een uitstootvrije staalfabriek is nergens ter wereld mogelijk. Dat zei topman T.V. Narendran van het Indiase Tata Steel zondag in het tv-programma Buitenhof. Hij heeft grote twijfels of Tata bij IJmuiden in 2030 zonder kolen kan werken, zoals D66 wil.
( 9
min )
Roddelen over klasgenoten en elkaar uitdagen om extreme dingen te doen. Op socialemediaplatforms als TikTok en Snapchat gebeurt het regelmatig. Grenzen opzoeken hoort ook gewoon bij volwassen worden, zeggen experts. Of dat nou offline gebeurt of op apps.
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min )
De beurs van Tel Aviv is zondagochtend hard gedaald na de aanval van Hamas op Israël van een dag eerder. De belangrijkste index is 7,5 procent van zijn waarde verloren, de sterkste neergang in zeker drie jaar tijd.
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Banken verdienen steeds meer aan het uitlenen van het geld dat op onze spaarrekeningen staat. Terwijl de rente op ons spaargeld maar mager is. Meer spaarrente ontvangen? Daarvoor moet je over enkele drempels en mogelijk landsgrenzen heen.
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Op veel websites kun je contact opnemen met de website-eigenaar via een contactformulier. Handig, maar volgens experts word je regelmatig verplicht om meer gegevens in te vullen dan echt noodzakelijk is. Bij een datalek vergroot dat de schade.
( 9
min )
While many COVID relief measures have expired, some remain in place.
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Student loan debt reached $1.63 trillion in 2023 and the Supreme Court has taken steps to prevent it from being eliminated. Here's who owes what and why.
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Learn about Elizabeth Warren's 50/20/30 budget rule; a simple and effective plan for personal money management and wealth creation.
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The free cash flow (FCF) formula calculates the amount of cash left after a company pays operating expenses and capital expenditures. Learn how to calculate it.
( 28
min )
CEOs said geopolitics and political uncertainty could pose the greatest threat to business growth in the next three years, according to a KPMG survey.
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Companies usually have a choice between debt financing or equity financing, with advantages and disadvantages to each.
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Here are the pros and cons of temporarily suspending your student loan payments.
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While not every borrower will qualify for any student loan forgiveness, there's typically no harm in applying, and it could benefit your overall financial health.
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The Federal Reserve's open market operations—the purchase or sale of government bonds and other securities—can push interest rates and the money supply lower or higher.
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According to the Ricardo-Barro effect, also known as Ricardian equivalence, increased debt-financed government spending leaves demand unchanged.
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True cost economics is an economic model that seeks to include the cost of negative externalities into the pricing of goods and services.
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Paying student loan interest during school will help you start your adult life with less debt. But it's not always the best decision.
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Accountability is the acceptance of responsibility towards other parties. Read about corporate, government, and political accountability.
( 28
min )
Market veterans said Treasury yields could soar to 5.5%, and ongoing political drama paired with Fed policy could culminate in a 2024 recession.
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(Bloomberg) -- Underlying US inflation is seen rising at a monthly pace that corroborates the message from central bankers that interest rates will need to stay higher for longer.Most Read from BloombergIsrael Latest: Army Says Situation Not Yet Under ControlHamas Attack Prompts Blame Around Israeli IntelligenceShock Incursion on Weakened Israel Imperils Regional GeopoliticsBiden Says Israel Under Terrorist Attack, Pledges US SupportHamas Just Torched Biden’s Deal to Remake the Middle EastThe co
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(Bloomberg) -- Bond investors are coalescing around a segment of the Treasuries market that offers a measure of protection from this year’s brutal rout and also positions them for the recession that some still anticipate.Most Read from BloombergIsrael Latest: Israeli Deaths Rise to 200 as Warplanes Bomb GazaSurprise Attack on Weakened Israel Imperils Regional GeopoliticsThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XHamas Just Torch
( 34
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Weight-loss treatments aren’t the only big deal in medicine. Barron’s 2023 healthcare roundtable explores the best investing opportunities. Where our panelists see bargains now.
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(Bloomberg) -- Friday’s sizzling jobs report is bolstering the probability of another Federal Reserve rate increase this year, adding to pain in credit markets that are already getting hurt by a year-long jump in yields. Most Read from BloombergIsrael Latest: Biden Says US Support Amid Crisis Is ‘Unwavering’Surprise Attack on Weakened Israel Imperils Regional GeopoliticsThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XHamas Just Torch
( 35
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The auto battery parts joint venture between Volkswagen's PowerCo and Belgian materials firm Umicore has chosen Poland as the site for its first factory, PowerCo said on Saturday. Through the $2.9 billion joint venture, dubbed Ionway, first flagged in December 2021, the companies are joining a number of European automakers that have brought battery supplies closer to home in the shift towards electric vehicles.
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The free cash flow (FCF) formula calculates the amount of cash left after a company pays operating expenses and capital expenditures. Learn how to calculate it.
( 28
min )
(Bloomberg) -- Exxon Mobil Corp. boss Darren Woods is poised to emulate his two predecessors with a career-defining mega deal that — for better or worse — would likely transform the oil giant.Most Read from BloombergIsrael Latest: Netanyahu, Biden Speak With Nation on War FootingThe 5% Bond Market Means Pain Is Heading Everyone’s WaySurprise Attack on Weakened Israel Imperils Regional GeopoliticsThe Moral Case for No Longer Engaging With Elon Musk’s XBlackstone’s Billion-Dollar Bet on Hollywood,
( 35
min )
Investing in stocks refers to the practice of purchasing shares of a company with the anticipation that these ownership stakes will appreciate in value over time. However, like any investment, it carries inherent risks and uncertainties. In the face of an ever-changing financial landscape influenced by factors like economic policies, technological advancements and global events, […] The post Pros and Cons of Investing in Stocks appeared first on SmartReads by SmartAsset.
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Investing in real estate is an attractive venture for both seasoned and novice investors due to its stability and the potential for substantial returns. However, the traditional approach of purchasing property isn’t the only way to add real estate exposure to your portfolio. Real estate crowdfunding and real estate investment trusts (REITs) are two popular […] The post Real Estate Crowdfunding vs. Real Estate Investment Trusts (REITs) appeared first on SmartReads by SmartAsset.
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Life insurance policy dividends are returns on premiums that a policyholder receives from the insurance company when it has surplus earnings. As a general rule, life insurance policy dividends are not taxable as these are considered as return of premium. This means that policyholders can receive dividends without worrying about an added tax burden. However, […] The post How Is Life Insurance Policyholder Dividend Income Taxed? appeared first on SmartReads by SmartAsset.
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Restricted stock units (RSUs) are a form of equity compensation that companies often grant to employees as part of their overall compensation packages. The taxation of RSUs in the United States is subject to specific rules, and the timing and amount of taxes owed can vary based on several factors. Here’s what you need to […] The post How Are Restricted Stock Units (RSUs) Taxed? appeared first on SmartReads by SmartAsset.
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Real estate investment trusts (REITs) are a popular choice for investors looking to add real estate exposure to their portfolios without the hassle of owning physical properties. These entities pool money from investors to buy and manage real estate, and return a portion of the profits to those shareholders. However, it's important to distinguish private […] The post Investing in Private REITs vs. Public REITs appeared first on SmartReads by SmartAsset.
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(Bloomberg) -- When Sterling Infrastructure Inc. Chief Executive Officer Joe Cutillo first started telling Wall Street that factories would return to the US, everybody thought he was crazy. Most Read from BloombergIsrael Latest: PM Says Nation Is at War After Deadly IncursionThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XBlackstone’s Billion-Dollar Bet on Hollywood, Reese Witherspoon Falls ShortFake Mansions and Rent-Stabilized Unit
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min )
Contract talks are scheduled to begin again Thursday.
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min )
How to reset your finances after a spend-y summer.
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min )
Britain’s pork pie supply could be hit by a slowdown after a leading UK food manufacturer warned it could scale back production.
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min )
The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise global bond rally, which will further squeeze already tight household budgets. In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers can snag a 30-year mortgage. This means many Canadians who locked into sub 2% fixed-rate mortgages five years back are preparing for renewal letters with a steep rise in interest rates, made worse by the bonds rally.
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The ILWU recently ratified a labor agreement with West Coast shipping companies. But a lawsuit at the Port of Portland has the union filing for bankruptcy.
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min )
Billions went to personal loans, luxury real estate and donations.
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min )
A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own.
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Companies seeking alternatives to China are finding the country’s vast interior still holds big advantages.
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"We see highest risk to alcohol, snacking relative to meals, and non-alcoholic beverages," Bank of America said about the impact of GLP-1 drugs.
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Some employees plan to walk out for just one day, while others expect to close their pharmacies for all three days, the report added. According to the report, the walkout is in response to what pharmacy employees call burdensome prescription and vaccination expectations levied on pharmacists.
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One retiree told CBS News he fell for an online scam that cost him almost $800,000. And then the IRS said he owed $200,000 because the money was taken from a retirement account.
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min )
Het stroomnet zit op verschillende plekken in Nederland vol. Daardoor kunnen huishoudens met zonnepanelen niet altijd hun overtollig opgewekte stroom terugleveren. Met een thuisaccu kun je die stroom opslaan voor later gebruik, maar veel woningen zijn ongeschikt om veilig van een thuisbatterij te voorzien.
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Het stroomnet zit op verschillende plekken in Nederland vol. Daardoor kunnen huishoudens met zonnepanelen niet altijd hun overtollig opgewekte stroom terugleveren. Met een thuisaccu kun je die stroom opslaan voor later gebruik, maar veel woningen zijn ongeschikt om veilig van een thuisbatterij te voorzien.
( 10
min )
Het OM gaat een 46-jarige vrouw vervolgen voor grafschennis. De vrouw was in september 2021 aanwezig bij een spirituele bijeenkomst op het kindergedeelte van begraafplaats Rusthof in Leusden. De directeur van de begraafplaats had toestemming gegeven voor de bijeenkomst. Daarom is vandaag de stelling: 'Voor evenementen op begraafplaatsen mag nooit toestemming worden gegeven'.
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min )
Looneisen van vakbonden lopen op tot aan 14 procent extra voor cao-onderhandelingen, terwijl de inflatie inmiddels flink afneemt. Wat zijn reële percentages om mee te schermen? Volgens de bonden is er vooral nog veel reparatiewerk te doen.
( 12
min )
A new study by the big asset manager Vanguard reveals that younger workers are piling up retirement savings more effectively than their boomer elders. One big reason: automatic sign-up of new employees.
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Earnings season is starting, and the high bar for beats could be a bigger issue than the bond market.
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The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months and 5.76% on a 6-month option from TotalDirectBank.
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min )
(Bloomberg) -- Gina Rinehart, Australia’s richest woman, has muscled in on one of the largest battery-metals deals to date, building a near-17% stake in Liontown Resources Ltd. and threatening its A$6.6 billion ($4.2 billion) takeover by US giant Albemarle Corp. Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XFake Mansions and Rent-Stabilized Units Emerge in Trump TrialBlackstone’s Billion-Dollar Bet on Hollyw
( 34
min )
About 90 truck drivers and office personnel who worked for Titan Transportation Services Inc., doing business as Sunset Logistics of Grand Rapids, Michigan, say they are owed their final paychecks and escrow after receiving a string of emails from company executives notifying them that the trucking company was closing its doors. The post Michigan-based Sunset Logistics abruptly ceases operations appeared first on FreightWaves.
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Today's best savings accounts are paying record rates, and the highest rates of all are offered to kids and teens. See how they can earn up to 10% on their cash in the bank.
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min )
Starting in January, the IRS will make the $7,500 federal EV tax credit available immediately via dealers. The Treasury Department announced the update on Friday, noting that dealers will have the option to "reduce the purchase price of the vehicle or provide cash to the buyer." The update also applies to buyers taking advantage of the $4,000 credit for used EVs.
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Mizuho's favorite stocks to play the natural-gas boom include Coterra, EQT, Range Resources, and Antero Resources.
( 20
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The U.S. Treasury Department and IRS announced new guidelines allowing consumers to transfer their EV tax credits to dealers in an effort to boost demand.
( 19
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Coming up next week: earnings from big banks, the latest inflation readings, and Amazon's "Prime Big Deal Days" event.
( 21
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The White House may have blamed Exxon Mobil for high energy prices taking their toll on consumers, but would struggle to thwart the top U.S. oil producer's contemplated $60 billion acquisition of Pioneer Natural Resources, five antitrust lawyers and experts said on Friday. Deal negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement, Reuters reported on Thursday. The acquisition would give Exxon ownership of the largest producer in the biggest U.S. oilfield.
( 34
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Wedbush says real estate investment trusts look cheap and poised to shine next year and beyond, despite risks. The investment bank discusses its favorite sectors—and a baker’s dozen of picks.
( 27
min )
Seven charts that explain oil’s big price moves
( 29
min )
“Looking back at previous housing recessions, we think the 1980s are a better analogy for today's market than the 2008 housing crash,” BofA economists said.
( 33
min )
Realty Income Corp. (NYSE:O) is one of the world's largest public REITs, but you may not have heard of it because of the sector it operates in. Realty Income holds one type of asset: properties with net leases. After steadily building a portfolio worth over $40 billion in U.S. assets, Realty Income is taking its show on the road to Europe. The move into Europe began in 2019 when Realty Income acquired a large tranch of grocery stores in England. Now the REIT is looking to Europe for even more op
( 35
min )
Sam Bankman-Fried authorized the illegal use of FTX customers' funds and assets to plug financial gaps at an affiliated hedge fund from the exchange's earliest days, FTX's co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S. history. “FTX was not fine,” Wang said, referring to the now-infamous tweet that Bankman-Fried wrote only a few days before the exchange filed for bankruptcy in November 2022.
( 33
min )
Warren Buffett's Berkshire Hathaway continued selling off more of its HP Inc. shares at a loss this week and dropped its stake below 10% of the printer and computer maker. Berkshire said in a filing with the Securities and Exchange Commission that the latest sale of over 3 million shares Tuesday raised more than $80 million. Berkshire said Monday it had just sold off 5 million other shares.
( 33
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We may be in the biggest bear market of all time for U.S. Treasury bonds, analysts at Bank of America wrote in a research note Friday.
( 19
min )
FTX cofounder and childhood friend Gary Wang took the stand and admitted to the crypto empire’s crimes.
( 33
min )
In the ever-evolving world of stocks, the year has seen its share of ups and downs. Currently, the stock market grapples with the headwinds of rising interest rates and the resulting surge in bond yields. At the same time, there is reason for optimism. Based on historical patterns, Q4 is typically the year’s strongest for US stocks, and investment bank Goldman Sachs is sticking resolutely with its earlier year-end price target of 4,500 on the S&P 500. “Our baseline view remains that the index wi
( 35
min )
Billionaire Elon Musk called it "bullsh**t" and "morally wrong." JP Morgan CEO Jamie Dimon declared himself a remote-work skeptic, and Meta CEO Mark Zuckerberg has stated that engineers "get more done" in the office. While companies like Amazon.com Inc., Apple Inc., Meta and Zoom may be demanding their employees return to the office post-COVID, remote working is far from dead. About 28% of people work at jobs that allow for remote work, according to the Bureau of Labor Statistics. Don't Miss: El
( 33
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Friday, Battle Road Research analyst Ben Rose downgraded Rivian stock to Sell from Hold. He was surprised by the convertible note sale.
( 18
min )
Disney's stock is down nearly 7% this year. But analysts at Bernstein and Seaport are bullish.
( 17
min )
The Aussie dollar initially plunged during the course of the week, only to turn around and recover quite nicely. By doing so, the market looks as if it is ready to continue fighting, but it will be interesting to see how this all plays out.
( 32
min )
Stocks have recently retreated as Treasury yields continue to rise. To navigate this market turbulence, CNBC's Jim Cramer offers some promising insights. "We're in an unusual situation, but skyrocketing bond yields are bad news for the vast bulk of the market. The mega-cap techs are the one big exception. You want to make it through this difficult moment?" he asked in a recent "Mad Money" segment. "You need the Magnificent Seven, and then the rest." By Magnificent Seven, Cramer means seven mega-
( 34
min )
(Bloomberg) -- Former Treasury Secretary Lawrence Summers said the surge in US job growth last month is “great news” for now but also suggests the Federal Reserve’s interest-rate hikes aren’t working as they used to, raising the danger of a hard landing for the economy.Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XIt's Done. The Future Is Battery-Powered Electric CarsAlmost Anyone Can Become the House Speake
( 33
min )
The allure of glamorous lifestyles, decadence and the high-stakes world of finance has always captured the public's imagination. From over-the-top parties to lavish yachts, the movie "The Wolf of Wall Street" painted a picture of the American dream taken to its extreme. While audiences watched in both awe and disbelief as the character lavishly spent his millions, the reality presents an intriguing twist. Leonardo DiCaprio, the actor who brought Jordan Belfort's character to life with such vibra
( 33
min )
When people think of the term living paycheck to paycheck, images of low-income families struggling to make ends meet might come to mind. But new data reveals that a significant portion of high earners, particularly those raking in over $150,000 annually, also find themselves caught in this vicious financial cycle. Don't Miss: Until 2016 it was illegal for retail investors to invest in high-growth startups. Thanks to changes in federal law, this Kevin O'Leary-backed startup lets you become a ven
( 33
min )
A deal would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could deepen the oil major's position in the country's most lucrative oil patch. XOM's endeavor to acquire large U.S. producers has not been widely seen as successful by investors, with many looking at the acquisition of XTO being not executed very well.
( 32
min )
Tesla Inc. has been at the forefront of the electric vehicle revolution, seeing its stock double this year and become a favorite among investors and consumers alike. The company's success story has gained a great deal of attention, with debates over its valuation and future potential raging among investors and analysts. While many sing praises for Tesla and its leader Elon Musk, Berkshire Hathaway Inc. Vice Chairman Charlie Munger remains more reserved. His caution is not entirely without basis,
( 34
min )
There's a reason that Social Security is called "the third rail of American politics" – as in, touch it and die. Most Americans – especially seniors – are fiercely protective when it comes to their retirement benefits. A financial advisor … Continue reading → The post Almost 8 in 10 People Oppose Raising the Full Retirement Age for Social Security appeared first on SmartAsset Blog.
( 33
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(Bloomberg) -- Steven Major, HSBC Holding Plc’s renowned bond bull, said he was wrong-footed by the recent bond selloff because he underestimated how badly investors would react to ballooning US debt and a surge in supply.Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XIt's Done. The Future Is Battery-Powered Electric CarsUS Stocks Rebound as Wall Street Debates Rates: Markets WrapAlmost Anyone Can Become the
( 32
min )
Conflicting currents are buffeting the markets, and it’s difficult to see the clear path forward for investors. The falling rate of annualized inflation and the continued resilience of the jobs market point toward continued economic strength – but interest rates are high, oil prices are rising, and the dollar is strong, which all tend to signal economic trouble. Until recently, the conventional wisdom has favored a ‘soft landing,’ with the Fed’s higher rates bringing down inflation, and permitti
( 36
min )
General Motors says its offer to the UAW 'is a compelling offer that would reward our team members and allow GM to succeed and thrive into the future.'
( 21
min )
(Bloomberg) -- A hotter-than-expected US jobs report will likely nudge the Federal Reserve toward raising interest rates again by the end of the year.Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpIt's Done. The Future Is Battery-Powered Electric CarsOzempic Is Making People Buy Less Food, Walmart SaysNonfarm payrolls increased 336,000 last month
( 32
min )
Once again Elon Musk is resorting to profit-eroding price discounts to stimulate demand after Q3 vehicle sales came in well short of market expectations.
( 33
min )
A deal would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could solidify the oil major's position in the lucrative Permian basin. Exxon's shares were down 3% at $105.74. If the negotiations conclude successfully, an agreement between Exxon and Pioneer could be reached in the coming days, Reuters reported, citing three sources.
( 32
min )
American oil giant Exxon Mobil is poised to do its biggest deal in more than two decades as it prepares to buy a rival shale producer for $60bn (£49bn).
( 33
min )
The net cost of a Model 3 sedan for a U.S. buyer who qualifies for the federal tax credit is down about 33% year to date. The net cost for a Model Y buyer is down 39%. Those are huge discounts.
( 21
min )
Investors are worried that rising labor costs at Ford and GM will give Tesla a cost advantage. That isn't reflected in Tesla stock though.
( 22
min )
(Bloomberg) -- The bad news keeps piling up for the makers of everything from soft drinks to chocolate and booze.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XThe 5% Bond Market Means Pain Is Heading Everyone’s WayAlmost Anyone Can Become the House Speaker, Except Donald TrumpIt's Done. The Future Is Battery-Powered Electric CarsOzempic Is Making People Buy Less Food, Walmart SaysThe latest blow took the form of comments from Walmart Inc., which said it’s alread
( 33
min )
(Bloomberg) -- Few businesses have Chicago roots as deep as the CME Group Inc. — the company has been based in the city for more than a century and its very name derives from the location (the letters refer to the company’s Chicago Mercantile Exchange business).Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpThe 5% Bond Market Means Pain Is Heading Everyone’s WayIt's Done. The Future Is Battery-Powered
( 34
min )
A recent study by BlackRock and Human Interest reveals an eye-catching gap in retirement savings between workers with access to employer-sponsored retirement plans and those without. The data shows that median-income employees lacking workplace retirement benefits saved one-eighth as much as those with employer-sponsored retirement plans. And by the time they retire, these workers could […] The post BlackRock Says Workers Without This May Lose Out on Almost $625,000 in Retirement Savings appeare
( 33
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Half a million dollars might sound like a lot of money, but if you’re approaching retirement, is it enough? If you have $500,000 in a pre-tax IRA and expect $2,000 per month from Social Security, you may have enough money to retire at age 67. A half million dollars is a relatively modest nest egg, […] The post I Have $500k in an IRA and Will Receive $2,000 Monthly From Social Security. Can I Retire at 67? appeared first on SmartReads by SmartAsset.
( 34
min )
Over half of VinFast's sales last quarter were to a taxi company owned by the EV maker's founder, Pham Nhat Vuong.
( 33
min )
(Bloomberg) -- Blackstone Inc. has given former Walt Disney Co. executives Kevin Mayer and Tom Staggs more than $1 billion to build the next great entertainment company. That investment has been put to the test this year.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpIt's Done. The Future Is Battery-Powered Electric CarsOzempic Is Making People Buy Less Food, Walmart SaysThe 5% Bond Market Means Pain
( 36
min )
The luxury automaker is asking for $100,000, saying the Nashville dealership is harming Lamborghini’s reputation while profiting off its name.
( 32
min )
Apple’s next earnings report is just a few weeks away. It’s likely to post a fourth consecutive quarter of year-over-year revenue declines.
( 24
min )
It has been a hellish week for energy investors. Exxon Mobil just gave them a reason to smile.
( 27
min )
The acquisition would be Exxon's biggest since Mobil and would eclipse the 2019 merger between Occidental and Anadarko.
( 17
min )
(Bloomberg) -- Tesla Inc. cut prices on its top-selling models in the US again, days after its third-quarter deliveries missed estimates.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysThe carmaker marked down the starting price of the
( 32
min )
A report says Exxon Mobil is close to acquiring Pioneer Natural Resources in a deal that could be worth about $60 billion, Tesla is cutting prices of its Model 3 and Model Y vehicles in the U.S., and Rivian rises modestly after a record share slump.
( 20
min )
(Bloomberg) -- Beaten-down bonds will make a comeback in 2024 when higher interest rates send the economy into a recession, according to Bank of America Corp.’s Michael Hartnett.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOnce the
( 32
min )
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co.’s revenue slid a less-than-projected 11% after demand from artificial intelligence players helped offset sagging smartphone and laptop chip sales.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpThe Moral Case for No Longer Engaging With Elon Musk’s XOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market,
( 32
min )
Pepsi, which makes Frito-Lays and soda pop, has suffered on concerns that snacking will become a thing of the past. Earnings should show how strong the business really is.
( 19
min )
(Bloomberg) -- The deepest losses in US Treasuries in decades are sharpening the focus on China’s holdings of the securities.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpThe Moral Case for No Longer Engaging With Elon Musk’s XOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysAs debate rages about how high US yields may soar, Apollo Glob
( 33
min )
(Bloomberg) -- Exxon Mobil Corp. is nearing a deal worth as much as $60 billion to buy shale-focused Pioneer Natural Resources Co., the Wall Street Journal reported, citing unidentified people familiar with the matter. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysThe Moral Case for No Longer Engaging With Elon Musk’s XOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysIt's Done. The Future
( 32
min )
A deal could be sealed as soon as in the coming days, though it is still possible there won’t be one, people familiar with the matter said.
( 30
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Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer in the region of $60 billion, people familiar with the matter said on Thursday. The acquisition would expand Exxon's footprint in one of the most lucrative areas of the U.S. oil patch. Pioneer is the third-largest producer of oil in the Permian basin after Chevron Corp and ConocoPhillips.
( 32
min )
The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months and 5.76% on a 6-month option from TotalDirectBank.
( 19
min )
Analysts from Morgan Stanley, Goldman Sachs, RBC, Wells Fargo and other firms said that while the addition of 336,000 jobs puts pressure on the Federal Reserve, the central bank is unlikely to raise rates again this year.
( 18
min )
Today's best savings accounts are paying record rates, and the highest rates of all are offered to kids and teens. See how they can earn up to 10% on their cash in the bank.
( 18
min )
Pioneer Natural Resources shares soared following reports that the shale oil driller was in advanced talks to be purchased by Exxon Mobil.
( 17
min )
The S&P 500 gained 1.2% on Friday, Oct. 6, 2023, after the Labor Department reported hiring jumped but wage gains slowed, raising optimism that the Fed might not keep raising interest rates to fight inflation.
( 17
min )
The U.S. Treasury Department and IRS announced new guidelines allowing consumers to transfer their EV tax credits to dealers in an effort to boost demand.
( 17
min )
Coming up next week: earnings from big banks, the latest inflation readings, and Amazon's "Prime Big Deal Days" event.
( 21
min )
The UAW decided not to expand its strike against the Big Three automakers on Friday as it did in previous weeks, reporting progress in negotiations.
( 17
min )
British energy giant Shell PLC raised its Q3 earnings guidance on better-than-expected natural gas and chemicals trading volumes, probably due to surging oil and gas prices.
( 18
min )
Pre-approved credit card offers will not affect your credit score unless you respond by filling out and submitting an application and possibly not even then.
( 26
min )
Fixed vs. adjustable-rate mortgages and other factors that can affect the interest rate you'll have to pay on a home loan.
( 26
min )
Many women today struggle to to pay their healthcare bills, for reasons that include income inequality. Here are the statistics.
( 26
min )
We may be in the biggest bear market of all time for U.S. Treasury bonds, analysts at Bank of America wrote in a research note Friday.
( 18
min )
Taiwan Semiconductor posted September revenue that was better than analysts expected as AI exposure appeared to help overcome a slide in its PC and smartphone sales.
( 17
min )
If you're going to invest in ETFs, you should know the intricacies of expense ratios.
( 23
min )
The federal government doesn’t offer unsecured personal loans, but it does offer loans for specific purposes such as education, housing, and business.
( 22
min )
The green card backlog is pushing U.S. tech companies to lobby for reform. Read how Microsoft, Facebook, and others want to change the green card process.
( 29
min )
Crowdfunding is the use of small amounts of capital from a large number of people to raise money or fund a business. Learn the pros and cons of crowdfunding.
( 28
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A new rule passed by the Securities and Exchange Commission will allow ETFs that meet certain conditions to go directly to market.
( 20
min )
U.S. equities were higher at midday on Friday, Oct. 6, 2023 after the Labor Department reported employers added more jobs than expected in September, but wage growth slowed.
( 18
min )
A short gold ETF is an exchange-traded fund (ETF) that seeks to profit from a decline in the price of gold.
( 25
min )
The U.S. FDA said Philips hasn't done enough to address concerns that its sleep apnea machines could harm users.
( 17
min )
An energy tax credit is a government-sponsored incentive that reduces the cost for people and businesses to use alternative energy resources.
( 25
min )
Fundamental analysis and technical analysis are the major schools of thought when it comes to analyzing the financial markets and individual securities. Here are the main differences between the two.
( 26
min )
A no-fee ETF is an exchange-traded fund (ETF) that can be bought and traded without paying a commission or fee to a broker.
( 22
min )
Levi Strauss missed quarterly sales forecasts, and it cut its full-year guidance as uncertain macroeconomic conditions weighed on consumer demand.
( 17
min )
Intellectual property is a set of intangibles owned and legally protected by a company from outside use or implementation without consent.
( 27
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Social Security retirement benefits are often used to supplement other income in retirement. However, some people live on Social Security alone. Here's how it can work.
( 26
min )
REIT ETFs are exchange-traded funds (ETFs) that primarily invest in equity REIT securities and aim to emulate REIT indexes.
( 20
min )
Income ETFs can be a solid option during retirement. These insights can help you decide whether to include them in your portfolio.
( 21
min )
Tesla shares fell after the EV maker lowered prices on its Model 3 and Model Y vehicles in the U.S. to boost demand.
( 17
min )
A warranty is a form of guarantee that a manufacturer offers to repair or replace a faulty product within a window of time after purchase.
( 27
min )
The sand that the Federal Reserve is throwing in the economy’s gears appears to be having less than its intended effect: employers accelerated hiring in September.
( 17
min )
Reselling Christmas toys and gifts may put a few extra dollars in your pocket, but it isn’t going to replace your primary source of income.
( 29
min )
If you don’t time your student loan payments carefully, you can easily get burned and end up giving your lender way more money.
( 24
min )
Inventory is the term for merchandise or raw materials that a company has on hand.
( 25
min )
In 2014, Warren Buffett offered to give whoever could predict all games of the NCAA men’s tournament $1 million a year for life. What are the odds someone could win?
( 26
min )
An audit is an unbiased examination and evaluation of the financial statements of an organization.
( 27
min )
Jan Tinbergen was a Dutch economist who won the Nobel Prize in Economics in 1969 for the development of dynamic macroeconomic models.
( 22
min )
Het ruime begrotingsbeleid van veel eurolanden dwarsboomt de inspanningen van de Europese Centrale Bank (ECB) om de inflatie omlaag te krijgen. Dat zei Klaas Knot, president van De Nederlandsche Bank (DNB) en ECB-bestuurslid op een bijeenkomst in Slowakije.
( 9
min )
Amazon heeft de eerste twee satellieten gelanceerd voor zijn Project Kuiper. Het webwinkel- en techbedrijf wil een netwerk van duizenden satellieten opzetten om internetdiensten aan te bieden op aarde. Daarmee gaan ze de concurrentie aan met Starlink van Elon Musks SpaceX.
( 9
min )
Een nieuwbouwhuis is in deze tijd moeilijk te betalen voor een starter, en dat zal niet snel veranderen. In Heerenveen staat een fabriek waar die mogelijkheid toch gecreëerd moet worden. Twintig keer per dag wordt hier een woning met een prijskaartje vanaf 175.000 euro gemaakt.
( 3
min )
De snelle doorstart van de failliete garnalenverwerker Heiploeg in 2014 is toch niet helemaal volgens de regels gegaan. De Hoge Raad, het hoogste rechtsorgaan, heeft eerdere uitspraken in de langslepende rechtszaak vernietigd.
( 9
min )
"Wat is eigenlijk het verschil tussen kunstmatige intelligentie en gewoon googelen?", vraagt koningin Máxima tijdens een rondleiding bij de Hogeschool van Amsterdam. Een terechte vraag, maar AI gaat vaak veel verder en dieper dan Google. En dat moet verantwoord gebeuren.
( 9
min )
Het wordt een terugkerende traditie voor de feestdagen: het Grote Speelgoedboek van bol.com dat op de deurmat valt, met tientallen bladzijden aan speelgoedreclame. Opvallend is dat er geen precieze bedragen worden vermeld bij de producten.
( 10
min )
Op de Nederlandse eilanden Bonaire, Saba en Sint-Eustatius kunnen de bewoners moeilijk rondkomen, blijkt uit onderzoek van budgetvoorlichter Nibud. Daarom moet het minimumloon omhoog.
( 9
min )
Michelin gaat voortaan ook hotels beoordelen. De inspecteurs van de Franse bandenmaker gaan voortaan "de uitzonderlijkste hotels ter wereld" aanwijzen. Dat gebeurt niet met sterren, maar met sleutels.
( 9
min )
Suiker is in een maand tijd bijna 10 procent duurder geworden. Daarmee was de prijs van suiker in september op het hoogste niveau in meer dan tien jaar tijd, meldt de voedsel- en landbouworganisatie van de Verenigde Naties (FAO). De hoge suikerprijzen ontstaan door toenemende zorgen over krappe suikervoorraden.
( 9
min )
De vergunningen van twaalf industriële bedrijven voor het lozen van onder meer kwik, zink en stikstof voldoen niet aan de regels. Dat blijkt uit onderzoek van het Het Financieele Dagblad (FD) en onderzoeksplatform Investico.
( 9
min )
Philips moet zijn slaapapneuapparaten extra laten testen, heeft de Amerikaanse voedsel- en medicijnenwaakhond FDA bepaald. Deze testen moeten uitwijzen wat de gezondheidsrisico's zijn voor patiënten die een defect apparaat hebben gebruikt.
( 9
min )
Oliemaatschappij ExxonMobil zou van plan zijn om de Amerikaanse branchegenoot Pioneer Natural Resources over te nemen. Exxon zou daar zo'n 60 miljard dollar (57 miljard euro) voor over hebben.
( 8
min )
Zuivelbedrijf FrieslandCampina heeft een flinke reorganisatie aangekondigd. De kosten moeten met 400 tot 500 miljoen euro omlaag. Het betekent onder meer dat een deel van het personeel weg moet.
( 8
min )
De subsidie voor nieuwe elektrische auto's blijft komend jaar toch op hetzelfde niveau als dit jaar. De eerder geplande afbouw gaat niet door, meldt demissionair staatssecretaris Vivianne Heijnen (Infrastructuur en Waterstaat) aan de Tweede Kamer.
( 8
min )
De krapte op de woningmarkt neemt weer toe. Daardoor zijn kopers de afgelopen maanden weer vaker gaan overbieden. Dat is niet gunstig voor starters op de huizenmarkt.
( 10
min )
De krapte op de woningmarkt neemt weer toe. Daardoor zijn kopers de afgelopen maanden weer vaker gaan overbieden. Dat is niet gunstig voor starters op de huizenmarkt.
( 10
min )
What should we make of today’s market conditions? Investors are digesting how the Federal Reserve’s ‘higher for longer’ interest rate policy will impact the economy, and they’re not pleased with the prospect. Other challenges on the horizon include the ongoing Congressional budget battles, lingering inflation, the evaporation of consumer savings and purchasing power, and concerns over China’s incendiary combination of slowing growth, geopolitical ambition, and approaching demographic collapse. T
( 35
min )
(Bloomberg) -- For the past 18 months, Federal Reserve Chair Jerome Powell has frantically been trying to break Americans' borrow-and-spend habits. It’s critical to his fight against inflation.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysThe Moral Case for No Longer Engaging With Elon Musk’s XIt's Done. The Future Is Battery-Powered Electri
( 34
min )
Investor Charlie Munger, who's been Warren Buffett's right-hand man for more than five decades, has made a $40 million gift to a California museum that he's supported in the past. Munger gave 77 Class A Berkshire Hathaway shares to the Henry E. Huntington Library and Art Museum in San Marino, California, according to a filing with the Securities and Exchange Commission. At Thursday's closing price of $523,545.06 a share, that made the gift worth more than $40.3 million.
( 32
min )
Mike Lindell said he can't afford to pay $2 million a month to his attorneys in election-related cases. "I have $10,000 to my name," he said.
( 32
min )
(Bloomberg) -- Sam Bankman-Fried last year told a close friend from MIT who joined FTX as a software developer that the cryptocurrency exchange was no longer “bulletproof” amid mounting failures in the industry and $8 billion that had been lent to affiliated hedge fund Alameda Research.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysIt's Done.
( 33
min )
Prior to Wang taking the stand, there was a 15-minute break during which Bankman-Fried looked visibly irritated. At one point his father, Joseph Bankman, patted his mother, Barbara Fried, on the back, said something and laughed. On the stand, Wang admitted that he committed wire fraud, securities fraud and commodities fraud.
( 32
min )
Ed Yardeni believes bond vigilantes are attempting to spike Treasury yields in protest against unsustainable fiscal policy—but the Treasury Secretary isn’t so sure.
( 35
min )
MGM Resorts refused to pay a hackers’ ransom demand in a September cyberattack that threw its Las Vegas Strip resorts into chaos, according to a person familiar with the matter.
( 29
min )
Paris-based drugmaker Sanofi is exploring a potential acquisition of cancer drugmaker Mirati Therapeutics, Bloomberg News reported on Thursday citing people familiar with the matter. Deliberations are ongoing and there is no certainty they will result in an agreement, the report said, adding that Mirati could also attract interest from other suitors. A Sanofi spokesperson responded to a Reuters' request saying the company does not comment on market rumors.
( 31
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(Bloomberg) -- French pharmaceutical giant Sanofi is exploring a potential acquisition of cancer drugmaker Mirati Therapeutics Inc., according to people familiar with the matter. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Rejected Switch to DuckDuckGo From GoogleFed’s Bid to Avoid Recession Tested by Yields Nearing 20-Ye
( 32
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Month after month, like clockwork, you pay your wireless carrier for the services it provides. But imagine that instead of just paying them, you're also getting a piece of the pie — through dividends. Wireless carriers and telecommunications companies in general often pay dividends. They operate in an essential industry with high barriers to entry, owing to the significant capital expenditure required for infrastructure and network maintenance. At the same time, the recurring revenue model — whe
( 33
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America's billionaires have had a great year from a financial standpoint. The top 20 people on Forbes' 2023 richest list have added $310 billion to their fortunes. Together, they have a combined wealth of $1.9 trillion, a 30% increase from a year ago. To give a sense of how significant their growth is, these 20 people now hold 40% of the total wealth of the entire Forbes 400 list. Among the top 20, Nvidia Corp. CEO Jensen Huang stands out. His company, which has made big strides in artificial in
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Learn who the top 10 billionaires in the world are and how they built their wealth.
( 35
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If you could live anywhere, where would it be? If you want to rub elbows with some of the most successful people in the United States, Wyoming could be a good choice. Known as the Equality State because it was the first to give women the right to vote, Wyoming is home 3.47 billionaires per 1 million people. They have an average worth of $23.5 billion, according to research conducted by The Digital Project Manager. Mars Inc. heir John Mars and Christy Walton, who married into the family that foun
( 32
min )
Shares of Rivian Automotive Inc fell by more than 20% on Thursday, after the electric vehicle maker unveiled plans to issue $1.5 billion worth of convertible green bonds. Irvine, California-based Rivian expects the bonds, which will mature in October 2030 and can be converted to either cash or its shares, will help it to "de-risk" the launch of its R2 sports utility vehicle in Georgia, a company spokesperson told Reuters on Wednesday. It is the second time in less than a year that Rivian is issuing such a green bond, which raises capital from investors seeking to back climate-focused projects.
( 32
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With another jump higher, 30-year mortgage rates keep setting new records—hitting three historic peaks in the past week. Rates were mixed for other loan types.
( 20
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CNBC Disney Slashes Children's Ticket Prices Amid Attendance Slump The Walt Disney Company (NYSE: DIS) has unveiled a new series of discounts for children visiting its iconic Disneyland and Disney World parks. This strategic move comes amidst a noticeable decline in attendance and hotel occupancy, a trend exacerbated by the inflationary pressures that have made vacations more expensive for families. Beginning October 24, Disneyland, located in California, will offer tickets for children aged thr
( 36
min )
The collapse of Sam Bankman-Fried's cryptocurrency exchange FTX has led to an increased focus on the role played by Alameda Research and its CEO Caroline Ellison, also SBF's gal pal, in the firm's implosion.
( 33
min )
US Markets MaxCyte, Rivian Automotive And Other Big Stocks Moving Lower In Thursday's Pre-Market Session Investor Fear Eases Amid Pullback In Treasury Yields Jim Cramer Predicts Potential Stock Market Rally Triggered By Jobs Report: 'Certainly Have Plenty Of Tinder' Crypto Cocoa Bean Trader, First Witness In Sam Bankman-Fried Trial, Recounts $100K Loss To FTX Shiba Inu Burn Rate Skyrockets Over 75% While SHIB Remains Trapped In Price Range Donald Trump's Second NFT Sales Skyrocket 350% Amid Buzz
( 33
min )
The markets have the tendency to overdramatize, and events are often blown out of proportion. With the stock market having experienced a pullback since the mid-summer peaks, there have been fears the bull market seen for most of the year is about to go up in smoke. But that is not the case at all,” argues Matt Orton, Chief Market Strategist at Raymond James. Throughout the year, the markets have been “pushing back” against the Fed’s narrative that interest rates will need to stay elevated for an
( 35
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↘️ Rivian Automotive (RIVN): Shares in the electric-vehicle maker fell more than 15% after it announced plans to raise more funds. Rivian, which [has struggled to keep production up](https://www.wsj.com/business/autos
( 24
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Shares of VinFast were gaining in morning trading, recently up 5%, after the Vietnamese electric-vehicle maker said its third-quarter revenue more than doubled from the year-ago period.
The company also said deliveries of its EVs rose about 5% from the previous quarter, and that deliveries of e-sco
( 22
min )
The company is burning through cash–it sold trucks at an average loss of $33,000 in the second quarter.
( 22
min )
Luxury electric-vehicle maker Lucid Group on Thursday launched a cheaper, rear-wheel drive version of the Air Pure sedan starting at $77,400, as it looks to stoke demand. Despite the lower price, the new Lucid model is more expensive than larger rival Tesla's Model S luxury sedan, which starts at $75,000. The new variant of the Air sedan is available immediately and will offer a range of 410 miles on a full charge, the company said.
( 30
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(Bloomberg) -- Lithium prices are plunging around the world, but the slump is particularly glaring in China, where the key battery metal is trading at a big discount versus the US.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Rejected Switch to DuckDuckGo From GoogleKey Taiwan Tech Firms Helping Huawei With China Chip Plant
( 32
min )
People love to blame fuel stations when pump prices rise, and now they can—sort of.
( 27
min )
Buyout decisions have become increasingly common for those with a pension plan. If you get this offer, the most important questions to deal with include when you would you receive the payout, and how long you expect to live. The earlier you would receive a lump sum payout, the more it will be worth to you […] The post Should I Take a $48,000 Lump Sum or $462 Monthly Payments for a Pension Annuity? appeared first on SmartReads by SmartAsset.
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I’m 50 and my husband is 57. We paid off all debts and have $1 million in our 401(k) and IRA. We also own $1 million in rental properties that give us a $5,000 net profit monthly. We hope to keep the rental homes for another 15 years for income. We have $200,000 in savings […] The post Ask an Advisor: We Have $1.45M Saved, Plus $1M in Rental Properties That Make Us $5K Per Month. Can We Retire in 5 Years? appeared first on SmartReads by SmartAsset.
( 34
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(Bloomberg) -- William Eigen is sticking to the strategy that has helped him thrive amid the worst bond rout in history: keeping most of his $8.8 billion JPMorgan Strategic Income Opportunities Fund in cash.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Rejected Swit
( 33
min )
Vietnamese electric-vehicle (EV) maker VinFast on Thursday reported a 159% rise in third-quarter revenue as it ramped up car deliveries and sought to boost sales by partnering with dealers in the United States. Revenue for the third quarter was 8.25 trillion Vietnamese dong ($338 million). ($1 = 24,380.0000 dong)
( 30
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(Bloomberg) -- After a brief respite from soaring auto debt, Americans are once again falling deeply underwater on their car loans.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Rejected Switch to DuckDuckGo From GoogleUsed-car values have tumbled about 16% from the
( 31
min )
The assets, whose ownership is in dispute, could be used to pay back creditors of Alameda Research and FTX.
( 32
min )
Rivian stock falls after saying third-quarter revenue would be in line with analysts' estimates and announcing an offering of $1.5 billion in convertible notes. Clorox slashes its fiscal first-quarter outlook following a cyberattack in August.
( 22
min )
(Bloomberg) -- Oil clawed back a little ground after signs of weaker demand and concerns about a slowdown in global growth sparked the steepest one-day drop in more than a year.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapApple Considered, Rejected Switch to DuckDuckGo From GoogleWe
( 32
min )
(Bloomberg) -- Alstom SA plunged by more than a third after the French train maker slashed its financial guidance due to delays on UK contracts and a rise in inventories.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapApple Considered, Rejected Switch to DuckDuckGo From GoogleThe
( 33
min )
The company is burning through cash–it sold trucks at an average loss of $33,000 in the second quarter.
( 22
min )
Gold edged higher on Thursday, set to end its eight-session-long losing streak, last seen around the same time in 2016, as U.S. bond yields and the dollar retreated from recent highs ahead of a keenly awaited non-farm payrolls report this week. "While there is an attempt for gold prices to stabilize into today's session, there is not much conviction of a reversal just yet," IG market strategist Yeap Jun Rong said.
( 32
min )
(Bloomberg) -- In July this year, Nuremberg’s mayor celebrated the final beam being placed atop the redeveloped Quelle building, a monumental 1950s symbol of postwar Germany’s economic revival. Revamped with offices, shops and homes, a big part of the giant complex was slated to open in 2024.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks
( 34
min )
Satellite imagery suggests that global oil inventories have surged by 30 million barrels in the first three weeks of September, according to JPMorgan.
( 32
min )
(Bloomberg) -- Global bonds are doomed to keep falling unless a sustained slump in equities revives the appeal of fixed-income assets, according to Barclays Plc. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpKey Taiwan Tech Firms Helping Huawei With China Chip PlantsUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapOzempic Is Making People Buy Less Food, Walmart SaysFootball’s World Cup Is Coming to North Africa for First Time“There is no ma
( 32
min )
The Trump-era tax cuts will phase out at the end of 2025 unless they are extended. Financial advisers say now is the time for retirees—and near retirees—to start planning for that.
( 27
min )
Clorox revealed Wednesday how much it anticipates the cyberattack that the company recently experienced will weigh on its first-quarter financial performance.
( 33
min )
Being a leader can help you in your career. Here are some tips for improving your leadership skills.
( 23
min )
The Licensed International Financial Analyst is a professional designation for investment professionals throughout the world.
( 22
min )
The S&P 500 was little changed on Thursday, Oct. 5, 2023 ahead of Friday's jobs report, and Clorox shares tumbled after warning a cyberattack would have a significant negative impact on its quarterly earnings.
( 16
min )
The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months, and 5.76% on a 6-month option from TotalDirectBank.
( 19
min )
Constellation Brands beat profit and revenue forecasts and boosted its guidance on strong beer sales, but demand for wine and spirits slumped.
( 17
min )
Project finance is the financing of long-term infrastructure and industrial projects using a non- or limited-recourse financial structure.
( 24
min )
Lamb Weston was the best-performing stock in the S&P 500 on Thursday after the food processor posted a big jump in profits and boosted its outlook as it benefited from higher prices.
( 17
min )
It's never been easier to earn well over 5%—even 6%—on your cash in the bank. Today's high-yield savings, money market, and CD accounts are all paying record rates.
( 17
min )
Black Friday takes place the day after Thanksgiving, is full of big discounts, and is considered the beginning of the holiday shopping season.
( 26
min )
San Francisco Fed President Mary Daly said that the tightening of financial conditions over the past 90 days “diminished” the need for further rate hikes, but argued the Fed should keep its options open.
( 18
min )
Higher oil prices likely boosted ExxonMobil's third-quarter profit compared to the previous quarter, the company said in a Securities and Exchange Commission (SEC) filing late Wednesday.
( 18
min )
The last time mortgage rates were this high, you could check on them using the free 1,000 hours of dial-up Internet access CD-ROM that America Online sent you in the mail.
( 17
min )
Delaware provides favorable tax shelters, which has led high numbers of companies to incorporate there.
( 23
min )
Surging vehicle sales more than doubled the revenue of Vietnamese electric carmaker Vinfast (VFS), the company said in its latest earnings report.
( 19
min )
A new report from crypto intelligence firm Messari indicates funding for the industry has dried up, dropping to levels not seen since the last quarter of 2020.
( 18
min )
The First Amendment protects the freedoms of Speech, Religion, Press, Assembly, and Petition for Americans. Learn how it works and why it's important.
( 24
min )
Understand the argument that the repeal of the Glass-Steagall Act caused the 2008 financial crisis, and learn why the argument may not be valid.
( 23
min )
LG Energy Solution will invest approximately $3 billion in its Michigan battery facility to supply lithium ion batteries for Toyota electric vehicles.
( 17
min )
Getting Exposure to the Cryptocurrency World Without Buying Crypto Is an Excellent Way to Get Involved Without Taking Too Much Risk. Here Are Some Options.
( 25
min )
BlackBerry announced plans to separate its Internet of Things (IoT) business, expecting to launch its IPO in the next fiscal year.
( 17
min )
Use these practical tips to help curb excess holiday spending and ensure you stay on budget for the new year.
( 22
min )
Rivian shares fell Thursday after the electric truck maker said it would offer $1.5 billion in "green" convertible notes for use to finance, refinance, or invest directly in new or recently completed green energy projects.
( 17
min )
Markets declined at midday on Thursday, Oct. 5, 2023, after a report on weekly jobless claims came in lower than expected, raising fears of more Fed rate hikes.
( 16
min )
With another jump higher, 30-year mortgage rates keep setting new records—hitting three historic peaks in the past week. Rates were mixed for other loan types.
( 19
min )
Learn about the CFA Level II exam, which goes more in-depth into investment management and portfolio concepts.
( 27
min )
Clorox shares plunged after warning a cyberattack that hit the cleaning products maker in August will have a significant negative impact on its quarterly results.
( 17
min )
The price of a good is inversely related to the quantity of it demanded due to human logic and behavior, as well as the income and substitution effects.
( 23
min )
Almost all (98%) of Meta's revenue comes from advertising, and a better experience for advertisers could boost the company's financials.
( 17
min )
The financial sector offers some of the best-paying jobs. See what jobs are available and find out how to switch careers to a finance job.
( 24
min )
The U.K. Competitions and Markets Authority launched an investigation into cloud services and whether big cloud services providers like Amazon, Microsoft, and Google make it difficult for businesses to switch or use more than one provider.
( 17
min )
Keiretsu is a business network composed of independent firms that have close relationships and sometimes take small equity stakes in each other.
( 24
min )
The equation of exchange is a model that shows the relationship between money supply, price level, and other elements of the economy.
( 23
min )
De Zweedse vastgoedbelegger Heimstaden wil 12.000 van zijn 13.500 Nederlandse huurwoningen verkopen. Reden zou het nieuwe overheidsbeleid zijn om huurprijzen verder te reguleren. Dat zou de verhuur minder aantrekkelijk maken voor het bedrijf.
( 10
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Als het aan de Tweede Kamer ligt, gaat het minimumloon volgend jaar met 1,2 procent omhoog. En daar kunnen de middeninkomens ook van profiteren, zeggen deskundigen tegen NU.nl. Werkgevers vrezen hogere loonkosten en zien niets in de plannen.
( 10
min )
Nu de koude maanden zich aandienen en de energieprijzen nog dalen, kiezen steeds meer consumenten voor zekerheid. In september nam het aantal huishoudens met een vast contract toe met 214.000. Zo'n 36 procent heeft nu een vast contract.
( 9
min )
Het aantal arbeidsongevallen is in 2022 flink toegenomen. Vorig jaar zijn er 2.357 slachtoffers gevallen bij een arbeidsongeval, 22 procent meer dan een jaar eerder. Veertig van hen zijn bij het ongeval overleden. Verder zijn mannen duidelijk vaker de klos dan vrouwen.
( 9
min )
Donald Trump staat niet meer in de Forbes 400. Op deze lijst staan de rijkste Amerikanen op volgorde van vermogen. Trump komt 300 miljoen dollar (285 miljoen euro) tekort.
( 8
min )
Een Japanse restaurantketen heeft een digitale lopende band bedacht om de gasten te serveren, meldt CNN. Daarmee wil de keten iets doen tegen 'sushiterreur'. Eerder hebben restaurantbezoekers speeksel aan het eten gesmeerd.
( 9
min )
De marktprijzen voor olie zijn woensdag met ruim 5 procent gezakt. Dat is de grootste daling sinds augustus vorig jaar. Voor een vat Noordzeeolie betaal je nu 85 dollar (ongeveer 81 euro). Lagere olieprijzen kunnen gunstig uitpakken voor de automobilist.
( 9
min )
De huizenprijzen zijn weer iets gestegen. In de maanden juli, augustus en september veranderde een bestaande woning voor gemiddeld 422.000 euro van eigenaar.
( 9
min )
Op de bank je laptop openklappen en aan het werk: veel mensen genieten van thuiswerken. Maar werk je ook efficiënter en ben je productiever? NU.nl vroeg het experts.
( 9
min )
De huizenprijzen zijn weer iets gestegen. In de maanden juli, augustus en september veranderde een bestaande woning voor gemiddeld 422.000 euro van eigenaar.
( 9
min )
Nederlandse gokkers hebben in het afgelopen jaar 1,33 miljard euro verloren met online kansspelen. Daarmee groeit de legale online gokmarkt in ons land nog steeds, maar minder hard dan voorheen.
( 9
min )
Naar verwachting gaat de zorgpremie flink stijgen volgend jaar. Zorgverzekeraar DWS wijst naar loonsverhogingen van zorgpersoneel. Ook de hogere kosten in de zorg vanwege de vergrijzing zijn een oorzaak. Vandaag is daarom onze stelling: 'De zorgpremie moet gekoppeld worden aan leeftijd.'
( 8
min )
De prijzen van etenswaren zijn in de eerste helft van 2023 iets duurder geworden. Consumenten betaalden gemiddeld 3,7 procent meer voor hun boodschappen. Maar dat geldt gelukkig niet voor álles wat je in de supermarkt koopt.
( 9
min )
Je zorgpremie wordt waarschijnlijk weer duurder. Het gaat om om en nabij 12 euro. Hoe is de prijs van je zorgpremie opgebouwd?
( 3
min )
De prijzen van etenswaren zijn in de eerste helft van 2023 iets duurder geworden. Consumenten betaalden gemiddeld 3,7 procent meer voor hun boodschappen. Maar dat geldt gelukkig niet voor álles wat je in de supermarkt koopt.
( 9
min )
A gift is something of value that is given without something of equal value being exchanged in return and, in some instances, is subject to tax.
( 23
min )
Ford and General Motors saw an increase in sales volume in the third quarter of 2023 while Stellantis reported a slight decline amid the ongoing United Auto Workers strike.
( 17
min )
The best nationally-available CD rates top September's already-sky-high APYs. You can now earn 6.00% in three different terms, and all terms offer at least 5.00%.
( 17
min )
The S&P 500 added 0.8% on Wednesday, Oct. 4, 2023, after a report showing lower-than-expected private sector job growth in September eased rate hike concerns.
( 16
min )
Sunrun shares sank to their lowest level since April 2020 before paring back some losses after a downgrade from Truist, which warned high interest rates could impact the solar panel installation market.
( 17
min )
The housing market traditionally heats up in the spring. But low inventory and more serious buyers are among the reasons the holidays can be a good time to sell.
( 26
min )
A record number of people are paying $1,000 or more for their monthly auto loan payments, and it’s not just because of high prices.
( 17
min )
Increasing aggregate demand usually corresponds with increasing price levels while decreasing demand corresponds with lower price levels. But the link isn't always clear.
( 23
min )
The best CD rates available nationwide are three 6.00% offers from Credit Human and INOVA Federal Credit Union, as well as 5.76% from TotalDirectBank.
( 19
min )
The Multilateral Investment Guarantee Agency is an organization that encourages investment in developing countries by offering risk insurance.
( 20
min )
Tesla shares rose Wednesday after the EV maker said it would sell a rear-wheel drive version of its most popular vehicle, the Model Y, at the lowest price yet for that SUV.
( 17
min )
The rare combination of falling stock and bond prices has left investors with choices they haven’t had to make in decades.
( 22
min )
Learn how to calculate and interpret the Sharpe ratio. Discover its significance to investors and find out what is considered a good Sharpe ratio.
( 23
min )
The SEC's recent enforcement push seeks to protect cryptocurrency investors from those wishing to take advantage of them.
( 34
min )
See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.
( 26
min )
Google hosted its 'Made by Google' event and unveiled a $999 pixel phone to compete in the smartphone industry.
( 18
min )
Gift splitting allows a married couple to gift twice as much without being subject to a gift tax.
( 24
min )
How to manage those burdensome payments as you embark on your adult life.
( 27
min )
Apple CEO Tim Cook sold 511,000 shares of company stock worth about $88 million as the stock price has tumbled from its all-time high.
( 16
min )
The student loan interest deduction allows for a tax break of up to $2,500 for interest payments on loans for higher education. Here's how to qualify.
( 27
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Here are some of the worst consequences of not making payments on your student loans, plus some federal programs to help you if you’re struggling to pay.
( 26
min )
The services sector, which accounts for roughly four-fifths of U.S. GDP, is showing signs of weakness, according to the latest PMI surveys issued by S&P Global and the Institute for Supply Management.
( 18
min )
Understand Canada's key industries, main trading partners, and key stats such as GDP and GDP per capita.
( 27
min )
A fiscal year (FY) is a 52- or 53-week period of time that a company or government uses for accounting purposes and preparation of its financial statements.
( 26
min )
The Grayscale Bitcoin Trust (GBTC) can help simplify investing in cryptocurrency, but it also poses some major disadvantages.
( 28
min )
Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.
( 24
min )
While JP Morgan Chase CEO Jamie Dimon has predicted that artificial intelligence could bring about a shortened workweek, a report from Oxford Economics says a shrinking labor supply could challenge the productivity gains projected from AI.
( 17
min )
Parents, grandparents, and other interested adults can give financial gifts to children to help secure their future. Learn more about what's available.
( 26
min )
Markets were higher at midday on Wednesday, Oct. 4, 2023 as a report showing a slowdown in private sector hiring eased worries that a strong labor market would encourage the Fed to hike interest rates further.
( 18
min )
Joining the military is a major decision with life-altering consequences, so before making it, you should know exactly what active-duty or reserve-duty service entails.
( 26
min )
The most recent rounds of tax reform have expanded the benefits of 529 college savings plans.
( 26
min )
Apple shares wavered between gains and losses after a downgrade from KeyBanc that anticipates a slowdown in U.S. sales growth.
( 17
min )
Shares of Cal-Maine Foods slumped as the egg producer’s profit plummeted along with the price of eggs.
( 17
min )
Rates on 30-year mortgages have jumped two days in a row, adding almost a third of a percentage point and setting a new 23-year high in 8% territory.
( 19
min )
When you’re taking the plunge into buying rental property, lean on the expertise of professionals and know when it’s time to cut your losses.
( 20
min )
The Biden administration on Wednesday approved an additional $9 billion in student loan relief for up to 125,000 borrowers.
( 17
min )
How can inflation affect unemployment, and vice versa? Here, we examine the relationship between wage inflation, consumer prices, and unemployment.
( 31
min )
About 75,000 workers of the Coalition of Kaiser Permanente Unions went on strike against the health care company demanding better pay and benefits, in a move that could disrupt patient care and briefly dent Kaiser's revenues.
( 20
min )
Regardless of your age, taking these five steps will help you build a solid retirement plan.
( 29
min )
A CFO salary often includes base pay plus a whole lot of perks, bonuses, and benefits. Discover how much a CFO earns and what it takes to become one.
( 25
min )
Learn who the top 10 billionaires in the world are and how they built their wealth.
( 35
min )
The slower-than-expected pace of private sector hiring is in contrast to yesterday's JOLTS report that underscored a strong demand for labor, offering mixed signals about the resilience of the U.S. labor market.
( 18
min )
Intel plans to spin out its programmable chip unit into a standalone business, with an initial public offering expected in the next two to three years.
( 17
min )
An official settlement account tracks central banks' reserve asset transactions.
( 24
min )
The company recorded a 41.4% increase in hybrid sales, which outperformed EVs.
( 29
min )
(Bloomberg) -- Rivian Automotive Inc. sank in post market trading Wednesday after the electric-vehicle maker announced plans to issue $1.5 billion in convertible debt and reported preliminary third-quarter revenue. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapAlmost Anyone Can Become the House Speaker, Except Donald TrumpFootball’s World Cup Is Coming to North Africa for First TimeMcCarthy Ouste
( 32
min )
The macro backdrop offers a set of concerns that have weighed on investors recently. These have seemingly put the brakes on 2023’s bull market and include the prospect of interest rates staying elevated for the time being and oil prices on the up again, all while a workers’ strike rumbles on in the background. However, Savita Subramanian, the head of U.S. equity & quantitative strategy at Bank of America, makes the case that the economy is strong enough so that none of that should get in the way
( 35
min )
(Bloomberg) -- BlackBerry Ltd., wrapping up a strategic review of its options, plans to hold an initial public offering for the company’s Internet of Things division, separating the business from its main cybersecurity operations. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsAlmost Anyone Can Become the House Speaker, Except Donald TrumpUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapFootball’s World Cup Is Coming to North Africa for First Ti
( 32
min )
Looking for something to add to your Costco cart along with the 30 rolls of toilet paper? While not a typical outlet for the sale of precious metals, the members-only warehouse chain has seen its 1-ounce gold bars sell out faster than discounted 170-ounce jugs of laundry detergent. In a company earnings call last week, CFO Richard Galanti said the gold bars, sold exclusively online, are “typically gone within a few hours” of appearing on Costco's website — adding that there's a two-bar limit per member.
( 34
min )
(Reuters) -Electric-vehicle maker Rivian Automotive on Wednesday said it plans to sell convertible green bonds worth $1.5 billion and forecast quarterly revenue to rise in line with estimates. Convertible bonds can be dilutive when converted into shares and are typically seen negatively by investors when issued. Rivian's bond will mature in October 2030 and investors will have the option to convert the bonds into cash or shares in the company, it said in a filing.
( 32
min )
(Bloomberg) -- AT&T Inc. has begun to explore options for its 70% stake in DirecTV as it approaches the end of an agreement upon which it can legally sell its interest in America’s third-largest pay-TV provider.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapAlmost Anyone Can Become the House Speaker, Except Donald TrumpFootball’s World Cup Is Coming to North Africa for First TimeKevin McCarthy Ous
( 33
min )
BlackBerry said on Wednesday it would separate its Internet of Things (IoT) and cybersecurity business units into two separate entities. The company said the chief objective of the separation is to pursue a subsidiary initial public offering for the IoT business, targeted in the first half of the next fiscal year. BlackBerry, which transitioned to a cybersecurity and IoT software-maker, said in May that it was reviewing its business.
( 31
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Société Générale's Edwards said that while some economists are expecting a soft landing his "view is that a recession still lurks.”
( 35
min )
(Bloomberg) -- Losses on longer-dated Treasuries are beginning to rival some of the most notorious market meltdowns in US history.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsTech Giants Fuel End of Day Climb as Yields Slide: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsMcCarthy Ouster Means More Turmoil as Next Shutdown Fight LoomsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapBonds maturing in 10 years or m
( 32
min )
When Rhonda Naus got a job inspecting Jeep Wranglers fresh off the assembly line, her paycheck added up to roughly half of what her co-workers were making. From office workers to delivery drivers, companies have become increasingly reliant on temporary workers. Tiers for the Detroit automakers were created starting in 2007 as the UAW tried to help them out of serious financial troubles.
( 35
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The best CD rates available nationwide are three 6.00% offers from Credit Human and INOVA Federal Credit Union, as well as 5.76% from TotalDirectBank.
( 21
min )
Nvidia's graphics chips have become a crucial ingredient in AI work, but someone needs to make the servers to run the chips. Enter Super Micro.
( 22
min )
Carnival has regained some of its footing after the pandemic brought the cruise industry to its knees, and is looking to further increase growth as it pays down debt. But the cruise giant is feeling the pinch from soaring fuel prices.
( 28
min )
(Bloomberg) -- The Keystone crude pipeline, a vital artery transporting Canadian oil to markets in the US and overseas, is operating at about half of its capacity after a brief disruption. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsGlobal Rout Takes a Breather as Traders Parse Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapMcCarthy Ouster Means More Turmoil
( 32
min )
Bankman-Fried joined Jane Street Capital straight out of college, and made $300,000 in his first year.
( 32
min )
Shares of electric-vehicle maker Tesla are rallying Wednesday on no official news. It's likely bearish investors trying to manage their bets against Tesla stock.
( 22
min )
Berkshire Hathaway Inc. Chairman and CEO Warren Buffett is immensely wealthy and notoriously frugal. His frugality isn't for personal gain. He has given billions to various charities and signed the Giving Pledge, affirming that over 99% of his fortune will be dedicated to philanthropic causes during his life or upon his passing. Microsoft Corp. Co-Founder Bill Gates, one of Buffett's close friends, recalls an incident in the 2017 annual letter posted on Gates Notes. During a trip to Hong Kong, t
( 34
min )
Might Musk be looking to buy back X's debt at a steep discount? It would be just the kind of swashbuckling coup he so relishes.
( 38
min )
Following the Federal Reserve's 11 interest rate hikes, many experts have expressed concerns about the impact of higher rates on the American economy. According to Bill Ackman, CEO of Pershing Square Capital Management, the economy is starting to slow. "I think the level of real interest rates is high enough to slow things down, you know, high mortgage rates, high car rates, high credit card rates, they're starting to really have an impact on the economy," he said in a recent CNBC interview. "Th
( 34
min )
President Biden is providing $9 billion in forgiveness for 125,000 borrowers as loan payments resume.
( 28
min )
Billionaire investor and 'The Bond King' Jeffrey Gundlach says economic indicators are "strongly suggestive" of a recession in the first half of next year.
( 32
min )
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Rates on 30-year mortgages have jumped two days in a row, adding almost a third of a percentage point and setting a new 23-year high in 8% territory.
( 19
min )
Citigroup has embarked on its biggest reorganization in decades, its managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off, according to a global memo to staff on Wednesday seen by Reuters. "Some roles will change, new roles may be created, and new roles that do not fit our new structure will be eliminated," Sara Wechter, the bank's chief human resources officer, wrote in the memo. Citi declined to comment on the global memo.
( 32
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Americans remain sharply divided in their preferences for soft drinks, but in the quaint town of Quincy, Florida, the taste of Coca-Cola is undisputedly favored. This preference isn’t just about flavor but has deep roots in the town’s history and its rise of “Coca-Cola millionaires.” In 1919, Coca-Cola made its debut on the public market. Those fortunate enough to purchase a share at its initial price of $40 and continuously reinvest its dividends would be looking at a value of over $10 million
( 33
min )
There’s no one way of achieving success in the stock market and different strategies can be used to attain the basic goal: seeing big returns on an investment. Talking of big returns achieved via divergent styles, then we can look at the techniques used by legendary investors such as Warren Buffett and Ken Griffin. Both have had huge success but adhere to different tactics. Buffett made his reputation by favoring value investing, seeking out equities underappreciated at the time and then watchin
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min )
The index has dropped just over 8% from its intraday high of just over 4607, hit in late July.
( 22
min )
Apple downgraded, Oddity upgraded: Wall Street's top analyst calls
( 34
min )
Cook sold 511,000 shares, which were worth about $87.8 million before accounting for taxes, according to the filing dated Tuesday. The Apple chief owns about 3.3 million shares, valued at about $565 million, following the sale, the filing showed. Apple launched its new iPhone 15 lineup last month, without raising prices, a move that some industry watchers said was in response to a global smartphone slump.
( 32
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As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
( 32
min )
Lithium Americas has split into two companies. Both are now trading on the Toronto and New York stock exchanges.
( 22
min )
Investors are either increasingly unwilling or unable to finance a dysfunctional U.S. government, and this risks pushing borrowing costs for Americans higher.
( 32
min )
Intel is preparing an initial public offering of its Programmable Solutions Group. It could be a multibillion-dollar boost for the chip maker.
( 22
min )
The auto maker hopes it will be too good for the union to refuse. Meanwhile, GM has laid off more workers.
( 22
min )
Shares in Scandinavian Airlines dropped more than 90% on Wednesday after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased. The rescue deal involving airline alliance Air France-KLM and private equity firms Castlelake and Lind Invest, which became investors alongside the Danish state, was presented late Tuesday. The deal means that SAS will receive $475 million in new equity and $700 million in convertible debt.
( 33
min )
Millions of Americans rely on Social Security benefits for all, or a portion, of their retirement income. Up to 85% of Social Security benefits are subject to federal income tax, depending on your total household income. However, Fidelity recently presented options for taxpayers to reduce how much they pay in taxes on Social Security benefits. […] The post You May Be Paying Too Much in Taxes on Your Social Security Benefits. Here's How to Lower Them appeared first on SmartReads by SmartAsset.
( 34
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(Bloomberg) -- Apple Inc. Chief Executive Officer Tim Cook sold stock worth about $41 million after taxes in his biggest sale in more than two years as the shares of the iPhone maker slide off recent highs.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broke
( 32
min )
Apple's historically high premium to other tech stocks was cited by analysts at KeyBanc as a factor behind their downgrade of the stock to Sector Weight.
( 22
min )
(Bloomberg) -- It has been the US oil industry’s biggest environmental success story in recent years. Gas flares that once lit up the night skies were shut off, curbing a wasteful practice that generated millions of tons of planet-warming emissions. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely —
( 36
min )
Apple shares are downgraded at KeyBanc, Intel plans a spinoff of its programmable solutions business, and sales slump at Cal-Maine Foods as egg prices tumble.
( 22
min )
(Bloomberg) -- President Joe Biden is canceling an additional $9 billion in student-loan debt, his latest action to aid borrowers after the Supreme Court blocked his debt-relief plan and as payments resume for millions of Americans.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonAir
( 31
min )
(Bloomberg) -- Australia’s richest woman has added to her stake in lithium miner Liontown Resources Ltd. for the fourth time in under a month, edging closer to a position that could block a A$6.6 billion ($4.2 billion) takeover by the world’s biggest producer of the metal.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Reces
( 33
min )
The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.
( 31
min )
(Bloomberg) -- An accelerating selloff in US government bonds is starting to spread havoc across Asia’s financial markets, pushing up borrowing costs, spurring currency-market intervention and driving stocks toward a technical correction. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming
( 34
min )
(Bloomberg) -- The historic ouster of Republican Kevin McCarthy as Speaker of the House may add to the risk of a US sovereign credit-rating downgrade and further roil markets, according to strategists. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, I
( 33
min )
(Bloomberg) -- Oil steadied ahead of an OPEC+ review of the global crude market and a weekly update of US stockpiles.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWhy a US Recession Is Still Likely — and Coming SoonWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.West Texas Intermediate was little changed above $89
( 32
min )
LONDON (Reuters) -Oil fell on Wednesday, as Saudi Arabia's announcement to continue crude output cuts to the end of 2023 was offset by demand fears stemming from macroeconomic headwinds. Brent crude oil futures were down 58 cents, or 0.64%, to $90.34 a barrel at 0841 GMT, while U.S. West Texas Intermediate crude (WTI) fell 66 cents, or 0.74%, to $88.57 per barrel. Oil prices remain under pressure from demand fears driven by macroeconomic headwinds.
( 33
min )
De verkoop van nieuwe huizen is in het tweede kwartaal gehalveerd vergeleken met dezelfde periode een jaar eerder. Het is de grootste daling sinds statistiekbureau CBS in 2015 is begonnen met meten.
( 9
min )
De zeven grootste supermarkten houden er meer groene praatjes op na dan daadwerkelijke acties. Wel timmeren Ekoplaza, Lidl en Albert Heijn het hardst aan de weg als het gaat om duurzame en eerlijke producten.
( 10
min )
De reële loonstijging kwam in het vorige kwartaal uit op 3,4 procent. Dat is de grootste toename in tien jaar tijd, blijkt uit cijfers van statistiekbureau CBS.
( 8
min )
De wens in de Tweede Kamer om de koopkracht volgend jaar wat extra te stutten, zijn naar beneden bijgesteld. Zo stijgen het minimumloon en de daaraan gekoppelde AOW volgend jaar met 1,2 procent in plaats van de eerder voorgestelde 1,7 procent.
( 11
min )
Google heeft zijn nieuwe telefoons gepresenteerd: de Pixel 8 en de Pixel 8 Pro. De telefoons krijgen verbeterde camera's, verschillende AI-functies en updates tot 2030.
( 10
min )
Er gloort hoop voor de vorige maand failliet verklaarde veerdienst Holland Norway Lines. Curator Hans Silvius onderhandelt met twee gegadigden, die volgens hem serieuze interesse hebben in een overname.
( 8
min )
In Singapore moeten auto-eigenaren omgerekend zo'n 100.000 euro neerleggen voor alleen al een vergunning om een auto te mogen bezitten. Dat maakt het het duurste land ter wereld voor wie een auto wil kopen.
( 8
min )
Een Britse hogesnelheidslijn die Londen moet verbinden met het noorden van het land komt er niet. Premier Rishi Sunak vindt de tientallen miljarden kostende verbinding te duur en wil het geld liever gebruiken voor andere projecten.
( 9
min )
De nieuwe stickergenerator in Facebook Messenger kan uitgelokt worden tot het maken van schunnige stickers. Op het sociale netwerk X delen verschillende gebruikers van de berichtendienst creaties met bijvoorbeeld billen, borsten en wapens.
( 3
min )
De koperprijs is gedaald naar het laagste niveau sinds eind mei en staat op zo'n 8.000 dollar (ruim 7.620 euro) per ton. In Londen is hij zelfs onder die grens gedoken. Door zorgen over de hogere rente en afzwakkende economie staat de koperprijs onder druk.
( 3
min )
Nederlanders consumeerden in 2022 gemiddeld 75 kilo vlees en vleeswaren per persoon. Hoewel de verschillen met het jaar daarvoor klein zijn, was het verbruik niet eerder zo klein sinds het wordt gemeten. Inflatie lijkt de oorzaak.
( 3
min )
Een postzegel van PostNL kost vanaf 1 januari 1,09 euro. Dat is een stijging van bijna 8 procent. Volgens het bedrijf is deze verhoging nodig om de stijgende kosten te dekken.
( 3
min )
Nederlanders consumeerden in 2022 gemiddeld 75 kilo vlees en vleeswaren per persoon. Hoewel de verschillen met het jaar daarvoor klein zijn, was het verbruik niet eerder zo klein sinds het wordt gemeten. Inflatie lijkt de oorzaak.
( 3
min )
ING verhoogt op 15 oktober de rente voor particuliere spaarders naar 1,5 procent. Het gaat om de variabele spaarrente voor een spaarsaldo tot 10.000 euro. Nu krijgen de meeste klanten van de bank nog 1,25 procent rente.
( 3
min )
De Tweede Kamer heeft plannen om de begroting voor volgend jaar flink te verbouwen, zodat de pijn van de gestegen prijzen iets wordt verzacht. De wensen tellen op tot ruim 4 miljard euro. Maar de voorstellen rammelen, waarschuwt het demissionaire kabinet.
( 6
min )
In gemeenten waar de milieustraat beperkte openingstijden heeft, belandt elektrisch afval wel tien keer vaker bij het huisvuil dan elders, ziet Stichting OPEN. Vooral apparaten met verborgen batterijen, zoals lichtgevende schoenen en vapers, belanden nog te vaak in de kliko.
( 3
min )
Terwijl voedsel voor consumenten duurder werden in de eerste helft van 2023, zakten de prijzen van etenswaren voor voedselproducenten. In de afgelopen drie jaren is juist te zien dat producenten met grotere prijsstijgingen te maken kregen dan de consument.
( 4
min )
Banken verdienen steeds meer geld aan sparen en lenen. De marge die ze overhouden aan het uitlenen van spaargeld is op het hoogste niveau in meer dan vijftien jaar tijd beland. Een belangrijke oorzaak is dat spaarders te weinig op zoek zijn naar hogere rentes.
( 7
min )
Many investors find it beneficial to include real estate investment trusts, or REITs, in their portfolios. These companies bring a suite of advantages that can’t be overlooked. To start with, they offer a sound way to buy exposure to real property, landholdings, without actually buying real estate. REITs are also known as champion dividend payers, as they’re required to distribute up to 90% of their taxable income to shareholders – and dividends make a convenient mode of compliance. For Wedbush
( 35
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The chip maker says the unit that makes programmable chips for defense and telecommunications will eventually go public.
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The 10-year at 4.801% on Tuesday offered the highest yield since August 2007, a few months before the 2009-09 financial crisis.
( 22
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You now have more ways to earn a historically high CD rate of 6.00%, with a new 9-month option from INOVA Federal Credit Union. Credit Human also pays 6.00% for 12-17 months.
( 21
min )
Intel acquired the business when it bought Altera for $16.7 billion in 2015.
( 22
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McMillan would join 3M as the financial chief of its healthcare business, which the U.S. industrial conglomerate plans to spin off into a listed company. 3M expects to complete the planned spinoff, which it disclosed last year, by the end of 2023.
( 31
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Between the two of them, they worked six jobs including side gigs and full-time jobs all while networking and educating themselves on real estate.
( 34
min )
(Bloomberg) -- The US stock selloff is spreading panic among volatility traders at a scale unseen since the regional bank crisis in March. In perverse Wall Street logic, that’s raising hopes that the equity rout is on its last legs.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWhy a US Recession Is Still Likely — and Coming SoonStocks, Bonds Sell Off as Volatility Makes Return: Markets WrapAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMor
( 33
min )
Chipmaker Intel said on Tuesday it plans to operate its Programmable Solutions Group as a standalone business starting January next year.
( 30
min )
(Bloomberg) -- Treasury Secretary Janet Yellen said a surprisingly resilient US economy has prompted investors to question what it will take to bring inflation down, but she cast doubt on whether that would force interest rates to stay elevated for a long period.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is St
( 32
min )
The Dow Jones Industrial Average and S&P 500 were down as investors shifted their money to bonds.
( 33
min )
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After registering their biggest one-day drop in six months, 30-year mortgage rates have climbed higher, again nearing 8%. Movement was up for almost every loan type.
( 20
min )
(Bloomberg) -- SAS AB chose Air France-KLM and private equity firm Castlelake LP to anchor a $1.18 billion investment in the bankrupt Scandinavian flag-carrier, ending a five-month chase for new capital.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonKevin McCarthy Ousted as US House Speaker by Republican DissidentsAirbnb Is Fundamentally Broken,
( 33
min )
Tesla is one of the most recognizable brands in the world. Not only is Tesla a leader in the electric vehicle (EV) space, but its CEO — Elon Musk — is a polarizing figure who continually finds himself in the public eye. The company started on July 1, 2003, and launched its first vehicle, the Roadster, in 2008. That was followed by the Model S in 2012, the Model X in 2015 and the Model 3 in 2017. Today, Tesla Inc. is the most valuable automaker in the world, thanks in large part to its 59% U.S. E
( 33
min )
The FTX founder is protesting CNA’s insurance policy as his legal woes cost him serious money.
( 31
min )
As Treasury yields continue climbing, the stock market seems to be taking a break. But according to CNBC's Jim Cramer, this pullback in stocks could represent an opportunity for investors. In a recent "Mad Money" segment, Cramer explained why rising Treasury yields have been causing problems for stocks. "Why own stocks when you can make north of 4.5% risk-free from the 10-year? Ten-year Treasuries are like a great dividend stock that's guaranteed not to lose money over the next decade," he said.
( 33
min )
Amazon shares are down 15% over the last few weeks. Bulls see a buying opportunity ahead of earnings.
( 22
min )
↗️ Netflix (NFLX): The streaming company's stock rose after The Wall Street Journal reported that it plans
( 24
min )
Shares of once-hot Vietnamese electric-vehicle maker VinFast are down about 5% Tuesday, a day after they tumbled 22% and dropped below their listing price.
VinFast now trades at about $9.30, down from a peak above $80 hit in late August after heavy withdrawals by investors in the company's SPAC dea
( 23
min )
In the classic tune by Kenny Rogers, ‘The Gambler,’ he sang, ‘Every hand’s a winner and every hand’s a loser…’ These words hold valuable wisdom that should resonate with every investor. Regardless of your chosen investment strategy, achieving success in the stock market ultimately hinges on mastering the art of balancing risk and reward. Few segments of the stock market offer a higher potential return for the risk involved than the penny stocks, those equities priced at $5 or less. These are sto
( 36
min )
A New Jersey appeals court on Tuesday threw out a $223.8 million verdict against Johnson & Johnson in a trial over four plaintiffs' claims that they developed cancer from being exposed to the company's talc powder products. The Superior Court of New Jersey Appellate Division found that a lower court judge should not have allowed some of the scientific expert testimony the plaintiffs presented to jurors in the case. (Reporting By Brendan Pierson in New York; editing by Jonathan Oatis)
( 31
min )
Drug maker Eli Lilly agreed to acquire radiopharmaceutical company Point Biopharma Global for $12.50 a share.
( 22
min )
(Bloomberg) -- The US 30-year yield rose to the highest level since 2007, deepening a bond selloff driven by expectations the Federal Reserve will keep interest rates elevated as the supply of Treasury debt grows. Shorter-term yields also reached new highs.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Key Taiwan Tech Firms Helping Huawei With China Chip PlantsJPMorgan’s Dimon Predicts 3.5-Day Work Week
( 32
min )
The seasonings maker's sales for the Asia-Pacific region declined 16% from last year.
( 22
min )
The Russian rouble has faced volatility since the Ukraine war kicked off—now there's inflation, shrinking current account surplus and more to worry about.
( 32
min )
An individual can protect their assets from Medicaid, including their home, by placing them into a trust. Essentially, the assets become owned by the trust and not by the individual. This mechanism can decrease the individual’s asset count for Medicaid eligibility, presenting a way to potentially conserve wealth and secure necessary medical care. However, like all […] The post Does Putting Your Home in a Trust Protect It From Medicaid? appeared first on SmartReads by SmartAsset.
( 33
min )
Inheritance trusts take on critical importance in wealth management, particularly for multi-generational families. The term might come across as complex but in essence, inheritance trusts involve safeguarding assets while managing their distribution efficiently. Moreover, they provide potential tax benefits that can contribute significantly towards your family’s financial security. A financial advisor well-versed in this field […] The post How to Keep Money in the Family With an Inheritance Trus
( 34
min )
(Bloomberg) -- Stocks fell and Treasuries resumed a retreat as investors grew increasingly worried about the long-term effects of historically high borrowing costs. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Key Taiwan Tech Firms Helping Huawei With China Chip PlantsJPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Severe Crash Is Coming for US Office Properties, Survey Sa
( 33
min )
Property deeds are not just pieces of paper – they hold the power to impact your fiscal situation considerably. Property deeds are legal documents that provide proof of ownership. When you extend ownership rights by adding someone to your property deed, there are tax implications and potential risks associated with the transaction. A financial advisor […] The post What Are the Tax Consequences of Being Added to a Deed? appeared first on SmartReads by SmartAsset.
( 34
min )
Technology companies lost their momentum in September. Melius Research’s Ben Reitzes is bullish on two that could shine in the final quarter of the year.
( 22
min )
Tesla quietly relaunches a rear-wheel-drive version of its popular Model Y car in the U.S. The car starts at $43,990. It's great for car buyers. Whether or not it's great for investors is tougher to say.
( 22
min )
BYD already beats Tesla when it comes to total sales. Now it's closing the gap on purely battery-powered cars as well.
( 33
min )
I am 48 years old. I made $310,000 last year and I currently have $546,000 in my retirement plan at work. My husband is on disability and doesn't work and does not have a 401(k) plan. I wanted to open a Roth IRA but I read that I make too much money. What options do […] The post Ask an Advisor: I Made $310,000 Last Year and Have $546,000 in Retirement Savings, But My Spouse Doesn’t Work. How Can I Save More? appeared first on SmartReads by SmartAsset.
( 35
min )
Jamie Dimon, CEO of JPMorgan Chase, says AI will allow people to work 3.5 day weeks in the future.
( 34
min )
Microsoft’s CEO Nadella on search and AI at Google trial, Birkenstock presses forward with IPO despite gloomy conditions, and other news to start your day.
( 22
min )
(Bloomberg) -- Chinese stocks listed in Hong Kong slumped as trading resumed after a holiday, hurt by a broad risk-off mood across the region and continued concern about the nation’s economic outlook.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Severe Crash Is Coming for US Office Properties, Survey SaysBig Tech Spared as Bon
( 33
min )
(Reuters) -Britain's AstraZeneca has agreed to pay $425 million to settle about 11,000 lawsuits in the United States that claimed its heartburn drugs Nexium and Prilosec caused chronic kidney disease. AstraZeneca did not admit wrongdoing under the settlement, part of broader litigation against makers of a class of heartburn drugs called proton pump inhibitors (PPIs). "Today's settlements are a significant victory for the thousands of patients who suffered kidney injuries as a result of using" the drugs, the plaintiffs' attorney Chris Seeger said in a statement.
( 32
min )
(Bloomberg) -- BYD Co. is poised to overtake Tesla Inc. as the world’s biggest seller of electric vehicles as the Chinese automaker’s global sales push gains greater traction.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Key Taiwan Tech Firms Helping Huawei With China Chip PlantsSevere Crash Is Coming for US Office Properties,
( 33
min )
Gold continued its slide on Tuesday, clocking its longest losing streak since Aug. 2022 in the last session as Federal Reserve officials underscored the likelihood interest rates will stay high, with U.S. job openings data expected later in the day. FUNDAMENTALS * Spot gold was down 0.2% at $1,824.10 per ounce by 0057 GMT, falling for a seventh consecutive session to its lowest since March 9. U.S. gold futures fell 0.4% to $1,840.50.
( 32
min )
You now have more ways to earn a historically high CD rate of 6.00%, with a new 9-month option from INOVA Federal Credit Union. Credit Human also pays 6.00% for 12-17 months.
( 19
min )
The house voted 216-210 to push McCarthy out of the role he's held for the past nine months after members of his own party took issue with how he handled the budget standoff last week.
( 17
min )
Krispy Kreme said it wants to sell its majority stake in Insomnia Cookies so it can focus on its main business of making and selling doughnuts.
( 17
min )
The S&P 500 fell 1.4% on Tuesday, Oct. 3, after a Labor Department report showed higher-than-expected job openings and bond yields increased.
( 18
min )
It’s now up to the nine justices of the Supreme Court to decide whether the government’s consumer watchdog agency continues to exist.
( 20
min )
WeWork shares fell to an all-time low Tuesday after the company said it wouldn't make interest payments due on $95 million in debt.
( 17
min )
The harmonized sales tax is a hybrid of the Canadian goods and services tax and provincial sales tax applied to goods and services.
( 24
min )
As buying a home becomes more unaffordable, people could turn to unexpected savings options like multi-family homes and robo-advisors.
( 17
min )
After a rough first half of 2023 amid the regional banking crisis, Zions Bancorp (ZION) topped the list of S&P 500 returns in the third quarter, with shares up 30% since the start of July.
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Tech giant Apple will now request app providers in its China App Store to prove they have a government listing, as Beijing tightens oversight.
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The Trilemma theory posits that countries have three options for managing international monetary policy, but only one is achievable at a given time.
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PNC Bank on Tuesday took on $16.6 billion in capital commitments, mostly loans, held by Signature Bridge Bank, a bridge bank set up by federal regulators in March after the collapse of its namesake bank.
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After registering their biggest one-day drop in six months, 30-year mortgage rates have climbed higher, again nearing 8%. Movement was up for almost every loan type.
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These companies have very little or no debt, which may be seen as a positive in today's economic environment.
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TMRW Sports, founded by Tiger Woods and Rory McIlroy, and financial services company SoFi announced a partnership for a team golf league called TGL.
( 17
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Estimates vary, but some put the U.S. underground economy between 6.4% and 12% of GDP.
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Meta Platforms could soon roll out new ad-free subscription plans for Facebook and Instagram users in Europe as the tech giant works to avoid significant fines over privacy law violations.
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Stock markets sank at midday as bond yields continued their climb and a report on August job openings showed the number of positions available exceeded estimates.
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Learn more about Investopedia's Financial Review Board, who’s on it, and how articles on Investopedia are reviewed.
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McCormick & Company shares fell to their lowest level since the start of the COVID-19 pandemic on slower Asia-Pacific region sales.
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Roughly 13.9% of the population over 15 regularly provided unpaid care for someone 65 or older in 2021 and 2022—work that is roughly equivalent in value to the entire motor vehicle and parts industry’s gross domestic product.
( 18
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Despite the economy slowing and facing the risk of recession, employers still want workers and plenty of them.
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Entering its 18th day, the work stoppage is affecting operations across four Midwestern plants for the automakers, leading to the furlough of factory workers..
( 18
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POINT Biopharma Global shares skyrocketed after Eli Lilly agreed to buy the radiopharmaceutical firm for $1.4 billion to expand its cancer-fighting treatments.
( 17
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Personal loan rates edged up to 20.96% this week, adding 4 basis points since last week when the average personal loan rate stood at 20.92%.
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Achieving equilibrium of prices in a single or multi-market setting involves a bidding process informed precisely by demand.
( 22
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De Scandinavische luchtvaartmaatschappij SAS komt deels in handen van Air France-KLM. Ook de Deense staat en twee investeringsmaatschappijen nemen een aandeel in de luchtvaartmaatschappij, maken de bedrijven dinsdag bekend.
( 3
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Kelderende koersen, verdwenen miljarden en miljoenen gedupeerden. De ondergang van handelsplatform FTX vorig jaar zorgde voor een schok in cryptoland. De rechtszaak tegen oprichter en eigenaar Sam Bankman-Fried gaat vandaag van start.
( 4
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Scheepsbouwer Damen eist compensatie van de Nederlandse overheid voor de financiële schade als gevolg van de sancties tegen Rusland. Het concern heeft een rechtszaak aangespannen, bevestigt Damen na berichtgeving van persbureau Bloomberg.
( 3
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ING mag de rekening van Stichting Najiba niet opzeggen vanwege witwasregels, heeft de voorzieningenrechter in Amsterdam dinsdag besloten. De stichting was de afgelopen tijd bezig met het inzamelen van geld voor de slachtoffers van de aardbeving in Marokko.
( 4
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Turken waren in september ruim 61 procent meer kwijt aan hun boodschappen en diensten dan een jaar eerder. Daarmee is de inflatie in Turkije verder opgelopen.
( 3
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De Nederlandse belastingadviseur Frank B. is zondag door de Italiaanse politie uitgeleverd aan de Verenigde Staten en op een vliegtuig naar New York gezet.
( 3
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De overheid gaat kinderopvangorganisaties compenseren voor de twee jaar dat zij hun elektrische bolderkarren van Stint niet mochten gebruiken.
( 3
min )
Bij Geldmaat-automaten kun je vanaf vandaag geld opnemen zonder dat je een bankpas in de gleuf hoeft te steken. Dit contactloos pinnen kan ook met een mobiele telefoon of smartwatch.
( 4
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Europeanen moeten mogelijk maandelijks 10 euro gaan betalen voor een advertentieloze versie van Facebook. Daar denkt moederbedrijf Meta over na, schrijft The Wall Street Journal. Het bedrijf zou de plannen aan Europese toezichthouders hebben voorgelegd.
( 3
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Voor het eerst krijgt een onderneming een boete voor het laten slingeren van afval in de ruimte. Communicatiebedrijf DISH heeft die bedenkelijke eer en moet 150.000 dollar betalen voor het niet opruimen van een satelliet.
( 4
min )
Ambtenaren van de Belastingdienst maakten in een weekend in 2013 de overhaaste beslissing om het risicomodel dat tot de toeslagenaffaire leidde, in te voeren. Het zogenoemde risicoclassificatiemodel was daardoor onvoldoende getest. Dat blijkt uit verhoren door de parlementaire enquêtecommissie.
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Het aantal horecazaken dat in de eerste jaarhelft de deuren heeft gesloten, was groter dan de afgelopen vijf jaren. Meer dan vierduizend ondernemers gooiden het bijltje erbij neer, blijkt uit cijfers van de Kamer van Koophandel (KVK). Ook het aantal faillissementen stijgt hard.
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Do you love dividends? Of course you do — and rightly so! In a recent study conducted by Mike Wilson, the Chief Investment Officer at Morgan Stanley, the analysis focused on the performance of dividend-paying stocks compared to non-dividend-paying stocks since the year 2000. The historical data underscores a compelling trend: dividend-paying stocks consistently outperform non-dividend stocks over the medium to long term. That outperformance has even been more pronounced in times of uncertainty a
( 36
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The Chapter 11 filing of the ILWU dockworkers union dates back to a dispute over two electrician jobs in Oregon a decade ago. The post How a fight over 2 jobs bankrupted union of 40,000 dockworkers appeared first on FreightWaves.
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Today's best CD rates are 6.00% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
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Monday was the first trading day under a new structure that splits the core North American cereal business away from snack brands such as Pringles.
( 22
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Analysts see a chance that the highflying stock could suffer the same fate as Cisco Systems, which has yet to regain the peak it hit in 2000.
( 22
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Boeing stock dropped 14% in September. J.P. Morgan analyst Seth Seifman has a Buy on the stock and says its drop has made it more attractive.
( 21
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Kellogg divided into two separate, publicly traded companies, and shares of both fell in their first day of trading after the separation.
( 17
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A U.S. Patent Office tribunal on Monday rejected challenges to two key patents owned by Novo Nordisk covering the active ingredient in its weight-loss and diabetes drugs Wegovy and Ozempic brought by a generic drugmaker that is hoping to sell generic versions of the blockbuster medications. The office's Patent Trial and Appeal Board denied the requests by Mylan Pharmaceuticals, which is owned by Viatris, to review the validity of the Wegovy and Ozempic patents.
( 32
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Unless Congress takes action, the lifetime estate and gift tax exemption will decrease significantly at the end of 2025. Donor-advisor funds, charitable remainder trusts, and SLATs can help reduce the impact.
( 22
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Snap, crackle... drop.
Shares of Kellanova, the Rice Krispies Treats company, fell Monday, finishing their first day of trading down about 6%. Shares of WK Kellogg, the Rice Krispies cereal company, fell 9%.
The companies are the result of the separation of Kellogg into two companies—WK Kellogg us
( 23
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(Bloomberg) -- Microsoft Corp. was willing to hide its search engine’s “Bing” brand on Apple Inc. devices in order to secure an agreement with the iPhone maker and unseat Google, Chief Executive Officer Satya Nadella testified Monday.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Investors SayBond Selloff Batters Stocks, But Spares Big Tech: Markets WrapJ
( 33
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Boeing stock dropped 14% in September. J.P. Morgan analyst Seth Seifman has a Buy on the stock and says its drop has made it more attractive.
( 22
min )
Shares of utility NextEra Energy are heading for their largest one-day drop since the start of the pandemic as worries about higher interest rates continue to batter clean-energy stocks.
( 23
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Earn up to 6.25% with one of these "cream of the crop" CDs, including a 6.00% option anyone in the country can open for a take-your-pick term of 12 to 17 months.
( 18
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At age 99, Berkshire Hathaway Inc. Vice Chairman Charlie Munger has lived through significant events in history and witnessed numerous economic cycles. Despite his vast experience and candid nature, it's his perspective on optimism that stands out. Known for his sharp wit and incisive one-liners, Munger quips, "If I can be optimistic when I'm nearly dead, surely the rest of you can handle a little inflation." Trending: Until 2016 it was illegal for retail investors to invest in high-growth start
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When the stock market was soaring, dividends of a few percent probably didn't seem like much. But in 2022 — when the benchmark S&P 500 tumbled nearly 20% — many investors learned the hard way that stocks don't always go up. In the unpredictable stock market, investors may find solace in the steady rhythm of dividends. With the right dividend stocks, investors can bypass the stress and uncertainty associated with attempting to time the market, all while benefiting from a passive income stream. Bu
( 33
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Steve Burns cashed out more than $60 million in stock in Lordstown Motors. Now he is buying its assets out of bankruptcy for $10 million. The post Lordstown Motors founder buys company assets out of bankruptcy appeared first on FreightWaves.
( 33
min )
NVIDIA Corp. is one of the biggest names and most influential companies in artificial intelligence (AI), but many people have no idea what it does. They're more familiar with companies like OpenAI, Anthropic PBC and Multiverse. If you're wondering where NVIDIA fits into the AI landscape, take a look at a passage from the company's website: The recent breakthroughs in generative AI bring a new level of versatility and insights to the enterprise. Now, the world's most advanced AI platform — NVIDIA
( 33
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The veteran market watcher wasn’t surprised by the market falling in August and September, in fact, he called it.
( 33
min )
Several of Bankman-Fried’s former colleagues and friends will testify against the one-time crypto mogul following plea deals they struck with the U.S. Department of Justice, including his former romantic partner Caroline Ellison and childhood friend Gary Wang, who were both deeply involved in the daily workings of both FTX and its quant-driven trading shop, Alameda Research. Another two individuals, who prosecutors have yet to publicly name, may testify if granted immunity, suggesting they may a
( 36
min )
The cannabis company Tilray expanded its position in the craft brew industry, completing the acquisition of eight beer brands from Anheuser-Busch that it had announced over the summer. Included in the deal are well known labels like Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company, and HiBall Energy.
( 33
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The U.S. Supreme Court on Monday declined to hear a bid by Sony Music, Warner Music and other music publishers to hold the owner of Wolfgang's Vault directly liable for copyright infringement for recordings by rock greats such as the Rolling Stones and the Who posted on the online concert archive. The justices turned away an appeal by the music publishers of a lower court's decision that spared Bill Sagan, Wolfgang's Vault owner, of direct liability for copyright infringement.
( 32
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Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS note seen by Reuters shows. The bank anticipates as much as $30 billion of outflows will soon hit markets, potentially exacerbating the downward move in shares, as these hedge funds start selling stock to follow the recent negative performance. This will be the first time these hedge funds will be net short equity markets since November 2022, the bank said.
( 31
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(Bloomberg) -- Dental aligner company SmileDirectClub Inc. will spend about two months looking for a rescuer and will liquidate if no buyer emerges, according to court papers. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Investors SayOnce Unthinkable Bond Yields Now the New Normal for MarketsStocks Lose Footing as Treasury Yields Surge: Markets WrapThe
( 32
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A day after surging into historic 8% territory, 30-year mortgage rates have plunged, registering their biggest one-day drop in more than 6 months.
( 20
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(Bloomberg) -- Federal Reserve Governor Michelle Bowman again said that multiple interest-rate hikes may be required to get inflation down to the central bank’s goal even after data for August showed some of the slowest price increases since 2020.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonSevere Crash Is Coming for US Office Properties, Investors SayAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Once Unthinkable Bond Yields Now the New Normal fo
( 32
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The bulls took hold of the stock market narrative at the start of the year, and charged ahead all the way into mid-summer, but since then the bears have been rather noisy. On the back of rising oil prices, fears of interest rates staying high for longer than hoped for, and the possible prospect of a recession still looming, the markets have been shaky and have been handing back prior gains. However, against a backdrop of a ‘Goldilocks economy,’ i.e., “not too hot, not too cold… just right,” bill
( 36
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Rivian upgraded, SolarEdge downgraded: Wall Street's top analyst calls
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Tesla has released its third quarter production and delivery figures, which suffered due to downtime in its Austin and Shanghai factories.
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What you need to know about adding bonds to your portfolio as Treasury yields hover at 5%
( 26
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Evercore ISI analyst Chris McNally upgraded electric-truck maker Rivian to Buy from Hold. Deliveries were strong, too. Profit-takers may be at work.
( 22
min )
The chip maker's stock has almost tripled in value this year but has moved sideways in recent months. Citi analysts say the shares could receive a new push in the first half of 2024.
( 22
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For the first time in more than a year, the automaker’s global deliveries to customers fell quarter-over-quarter by 6.7%.
( 27
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Shares of Tesla are down in morning trading after Elon Musk's electric-vehicle company said global deliveries to customers fell quarter-over-quarter for the first time in more than a year.
The slowing sales momentum during the third quarter came as Tesla took production offline for factory upgrades
( 22
min )
Citi initiated coverage of Zions Bancorp and other regional banks, arguing that much of the sector’s bad news is already baked into their stock prices.
( 22
min )
The bank has updated its Focus List, the compilation of its analysts' top ideas. These three shares could help a portfolio rebound.
( 22
min )
Tesla missed market estimates for third-quarter deliveries on Monday as the automaker was forced to curb production due to planned factory shutdowns, sending its shares down 3.7% in trading before the bell. The electric-vehicle maker handed over 435,059 vehicles in the three months to Sept. down nearly 7% from the preceding quarter.
( 32
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The move comes weeks after Digital World investors voted to give up to a one-year extension to complete the much-delayed deal. The blank-check firm amended the merger agreement on Sept. 29, according to the filing, which also disclosed that Digital World can terminate the agreement only in that three-week period in November. "The Third Amendment extends the period of time for the parties to complete mutual supplemental due diligence ahead of DWAC's anticipated filing of an updated registration statement on Form S-4 with the Securities and Exchange Commission," the companies said in a release dated Sept. 29.
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Nvidia has almost tripled in value this year but the stock has moved sideways in recent months. Citi analysts say the shares could receive a new push in the first half of 2024.
( 22
min )
Wall Street was set to open lower on Monday as the 10-year Treasury yield regained 2007 highs, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the central bank's interest-rate path. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. ET, with local employers and small business owners on efforts to grow the economy. Yield on the 10-year Treasury note edged higher on Monday at 4.6371%, touching 16-year highs again, while the yield on the 2-year note, which best reflects interest rate expectations, remained above 5%.
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Evercore ISI analyst Chris McNally now rates the electric-truck maker at Buy, rather than at Hold. His price target is $35 a share, up from $30.
( 22
min )
Energy Transfer, L.P. (ET) shares are cruising, up 18% in 2023. Constant demand for the stock is powering the surge.
( 32
min )
Where do the alleged crimes of Sam Bankman-Fried stack up against history's biggest fraudsters?
( 34
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Retiring at age 62 and filing for Social Security will reduce a person’s lifetime benefits by up to 30% compared to waiting until their full retirement age. However, a person with $2.5 million in a Roth IRA may feel more comfortable retiring at age 62, despite the impact that early retirement will have on their […] The post I Have $2.5 Million in a Roth IRA and Will Receive $2,500 Monthly From Social Security. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
( 35
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↗️ Tesla (TSLA): The car maker is expected to report third-quarter vehicle sales Monday. A lack of news about Tesla starting deliveries of the Cybertruck has [raised more questions](https://www.wsj.com/business/autos/for-teslas-cybertruck-another-sa
( 22
min )
After a splashy debut, the EV maker has struggled to keep production up and costs down—and has been losing $33,000 for every vehicle sold.
( 22
min )
Cooler Screens, which sells advertising space on refrigerator door screens, is suing Walgreens for reneging on a contract to bring the technology to 2,500 stores.
( 28
min )
Well, that was fun. So, what's next?
Stocks fell in September, finishing out a downbeat quarter on a neg
( 22
min )
The bank has updated its Focus List, the compilation of its analysts' top ideas. These three shares could help a portfolio rebound.
( 22
min )
Michael Lewis revealed management failings at crypto exchange FTX, and a billion-dollar plan to keep Trump out of office in an interview with CBS.
( 31
min )
Tesla is expected to report third-quarter deliveries on Monday, Chinese electric-vehicle makers NIO, XPeng, and Li Auto report sold deliveries for September, and AMC stock gets a boost from a report that says the Beyonce Renaissance World Tour concert film will be distributed through AMC theaters.
( 22
min )
(Bloomberg) -- US technology stocks may be about to turn a corner after the Nasdaq 100’s biggest monthly decline this year, according to strategists at Goldman Sachs Group Inc. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineAging Trees Show a Crisis Looms for the World’s Everything OilMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerThe
( 33
min )
Last week the company attained regulatory approval in Bermuda and registered with Spains central bank.
( 32
min )
(Bloomberg) -- The luxury apartments at One Blackfriars are billed as some of London’s most prized properties, with sweeping views of the city’s major attractions from the banks of the River Thames.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSevere Crash Is Coming for US Office Propert
( 32
min )
The NLRB’s proposed joint-employer rule threatens to hold big brands accountable for work conditions at their franchise locations.
( 22
min )
High-quality names Apple, Amazon, Starbucks, Netflix, and JPMorgan are all in the discount bin after a brutal September. Here's why it's time to buy.
( 22
min )
Here is your Pro Recap of 5 head-turning deal dispatches you may have missed last week: deals at Chicos/Sycamore Partners, Blue Apron/Wonder, Carlyle in talks to acquire a majority stake in Medtronic units, Bain Capital considering a takeover of CCC Intelligent Solutions, and John Malone's Liberty Media considering merging its stake in SiriusXM with the rest of the radio company. Chico's FAS (NYSE:CHS) shares soared by over 63% on Thursday following the company's announcement of its agreement to be acquired by Sycamore Partners for a total of $1 billion ($7.60 per share in cash), as reported in real-time on InvestingPro.
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The Singapore arm of cryptocurrency exchange Coinbase said on Monday that it had obtained a Major Payment Institution (MPI) licence from the city-state's central bank. The licence, granted by the Monetary Authority of Singapore (MAS), will allow the largest U.S. crypto exchange to offer digital payment token services to individuals and institutions in Singapore.
( 31
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Citi initiated coverage of Zions Bancorp and other regional banks, arguing that much of the sector’s bad news is already baked into their stock prices.
( 22
min )
(Bloomberg) -- Bitcoin climbed to a six-week high as inflows picked up at the start of October, a month that has typically seen gains in the token. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownSmaller peers including Ether, Litecoin a
( 31
min )
Gold extended losses on Monday for the sixth consecutive session to hit a near seven-month low, as the dollar stayed strong, with traders digesting a key U.S. inflation report as they positioned for a slew of job market data due this week. Spot gold was down 0.3% to $1,843.67 per ounce by 0325 GMT, its lowest level since March 10. "The data out of the U.S. is getting softer and the U.S. Federal Reserve's squeeze is starting to show up in more and more places," said Ilya Spivak, head of global macro at Tastylive.
( 32
min )
Evergrande has been working to get creditors' approval to restructure its offshore debt but the process grew more complicated last week when the company said it could not issue new debt due to an investigation into its main China unit. Reuters reported last week that a group of offshore creditors was planning to join a court petition to liquidate the developer if it did not submit a new debt restructuring plan by the end of October. Evergrande did not immediately respond to a Reuters request for comment during week-long National Day holidays.
( 32
min )
Concerts, trips and designer handbags are taking priority over saving for a home or rainy day.
( 22
min )
(Bloomberg) -- Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownWhy a US Recession Is Still Likely — and C
( 32
min )
(Bloomberg) -- Treasuries began the week on the back foot after a US government shutdown was averted, eliminating a point of uncertainty for traders and returning their focus to the path ahead for interest rates.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownWhy a US Recession Is Still L
( 32
min )
(Bloomberg) -- Asian equities look poised for a weak open as investors contend with the prospect of global interest rates staying at their highest levels in decades.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownEurope’s Richest Royal Family Builds $300 Billion Finance EmpireFutures for
( 32
min )
(Bloomberg) -- Office prices in the US are due for a crash, and the commercial real estate market faces at least another nine months of declines, according to Bloomberg’s latest Markets Live Pulse survey.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownMarket Stress Rises Over Wild Week Ah
( 33
min )
Investopedia's latest investor sentiment survey shows that nearly one third of respondents say they are investing less lately due to recent market turbulence. Spiking bond yields, a rise in oil prices, lingering inflation and political uncertainty are driving them to seek shelter in the bank and avoid stocks.
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min )
Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards showed an increase of an eighth of a point in the overall median available rate. These are the current rates as of October 2023.
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The S&P 500 rose just 0.01% on Oct. 2, 2023, with shares of Discover Financial Services leading gains after reaching a consent agreement with the FDIC.
( 16
min )
Today's best CD rates are 6.00% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 19
min )
Kellogg divided into two separate, publicly traded companies, and shares of both fell in their first day of trading after the split.
( 17
min )
You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.
( 23
min )
A new study from the Pew Research Center provides evidence that the American middle class is losing ground financially.
( 24
min )
Ether futures exchange-traded funds (ETFs) saw a decline in value and limited volume activity on debut Monday, though more such products are in the pipeline.
( 18
min )
Discover shares surged after reaching a consent agreement with the FDIC over consumer compliance issues at the company's banking unit.
( 17
min )
SolarEdge, Insulet, and Dollar General returned the biggest losses of all stocks in the S&P 500 during the third quarter of 2023.
( 19
min )
Elinor Ostrom was a political scientist whose work on resource management made her the first woman to win the Nobel Prize in Economic Sciences.
( 24
min )
Mega-cap tech stocks could get a boost in the fourth quarter as Treasury yields pull back, analysts at Goldman Sachs wrote in a research note.
( 17
min )
Earn up to 6.25% with one of these "cream of the crop" CDs, including a 6.00% option anyone in the country can open for a take-your-pick term of 12 to 17 months.
( 18
min )
Craig Gillespie's funny and fast-paced Dumb Money is based on the real-life story of amateur trader Keith Gill, who goes all in on GameStop shares while convincing thousands of others to do the same through his YouTube channel, Roaring Kitty. At his peak, Gill's investment in GameStop was worth $48 million.
( 19
min )
Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.
( 23
min )
Chinese electric vehicle (EV) sales surged in September, underscoring a booming market that has held steady despite the country's recent economic woes.
( 18
min )
The World Bank slashed its outlook for 2024 gross domestic product growth for developing economies in East Asia and the Pacific as China's economy slows.
( 17
min )
"Initial claims" refers to a report that measures the number of jobless claims filed by individuals seeking to receive unemployment benefits.
( 21
min )
Many indexes and indicators are created by the Office of National Statistics. Here's an explainer of the top economic indicators for the United Kingdom.
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min )
The marginal propensity to invest (MPI) is the proportion of an additional increment of income that is spent on investment.
( 25
min )
Theodore W. Schultz was an agricultural economist who won the Nobel Prize in Economics in 1979 for his research in development economics.
( 21
min )
H.R. 5860 keeps the government open until Nov. 17 by providing fiscal 2023 appropriations to federal agencies and extending several expiring authorizations. The 45-day funding extension gives lawmakers time to pass a budget omnibus bill.
( 19
min )
ASML is the only company in the world that currently produces extreme ultraviolet (EUV) lithography machines, which are used to produce cutting-edge microchips. It also builds other types of machines, refurbishes existing machines, and designs software, and has a robust training and customer service support program.
( 23
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Starting a business with no money can be challenging, but it's not impossible if you know how to get creative with finding ways to finance it.
( 25
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U.S. equities began October mixed at midday on Oct. 2, 2023, as Congress avoided a government shutdown but bond yields rose amid concerns about more Fed rate hikes.
( 16
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Of the 10 biggest Latin American banks, five are in Brazil, three are in Mexico, and two are in Chile.
( 27
min )
Coinbase Global shares gained after the largest U.S. cryptocurrency exchange received a Major Payment Institution license from the Monetary Authority of Singapore, helping to expand its international reach.
( 17
min )
The United Auto Workers union reached a last-minute deal with Volvo-owned Mack Trucks, averting a strike.
( 16
min )
With an impending increase in US interest rates and lower, even negative rates, elsewhere in Europe and Japan, we assess the impact on private equity.
( 26
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Get a piece of Warren Buffett's profit by building a portfolio that mimics Berkshire Hathaway's. See his investments using SEC Form 13F and coattail his picks.
( 26
min )
Christopher P. Gardner, the self-proclaimed CEO of Happyness, describes his journey from the depths of despair as a single, homeless father, to finding his path as a stock broker, investment manager, best-selling author, philanthropist and dream-manifestor.
( 15
min )
A day after surging into historic 8% territory, 30-year mortgage rates have plunged, registering their biggest one-day drop in more than 6 months.
( 19
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Tesla has released its third quarter production and delivery figures, which suffered due to downtime in its Austin and Shanghai factories.
( 17
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Investopedia’s 2023 Robo-Advisor Consumer Survey revealed that almost half of investors believe a robo-advisor is a great way to save and invest money to buy a home.
( 21
min )
China Investment Corporation is the sovereign wealth fund of China that invests in public and private assets to diversify foreign exchange holdings.
( 22
min )
The totalitarian economy of North Korea is very secretive.
( 24
min )
Real estate agents, brokers, and Realtors are often considered the same. In reality, these positions have somewhat different responsibilities.
( 26
min )
Nederlandse zeehavens losten twee keer zoveel gas uit de Verenigde Staten in 2022 dan een jaar eerder. De aanvoer van aardolie en aardolieproducten uit Rusland nam juist af.
( 3
min )
Het lijkt erop dat er inderdaad minder blikjes bij het zwerfafval belanden sinds deze sinds 1 april kunnen worden ingeleverd voor statiegeld. Een eerste meting laat een daling van een derde zien.
( 3
min )
Het sandalenmerk Birkenstock gaat de beurs op met ongeveer 32,2 miljoen aandelen voor een uitgifteprijs tussen de 44 en 49 dollar, maakt het bedrijf bekend. Dat kan Birkenstock tot wel 1,6 miljard dollar opleveren.
( 3
min )
Het sandalenmerk Birkenstock gaat de beurs op met ongeveer 32,2 miljoen aandelen voor een uitgifteprijs tussen de 44 en 49 dollar, maakt het bedrijf bekend. Dat kan Birkenstock tot wel 1,6 miljard dollar opleveren.
( 3
min )
De fabrikant van het populaire speelgoed Playmobil schrapt wereldwijd bijna zevenhonderd banen. Volgens het Duitse bedrijf, Horst Brandstätter Group, is de ontslagronde nodig omdat consumenten minder geld uitgeven.
( 3
min )
Naast bellen met de belastingtelefoon of fysiek afspreken op een belastingkantoor kun je voortaan ook videobellen met een belastingmedewerker. Sinds maandag kunnen afspraken voor videogesprekken gemaakt worden via de belastingtelefoon en de website van de fiscus.
( 3
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De verkoop van nieuwe personenauto's in Nederland is ook in september fors gestegen. Het gaat om een toename van bijna 17 procent ten opzichte van een jaar eerder.
( 3
min )
De Autoriteit Consument & Markt (ACM) heeft het bezwaar van Apple tegen een boete van 50 miljoen euro afgewezen. De iPhone-fabrikant stapt nu naar de rechter in een poging om alsnog onder de straf uit te komen.
( 4
min )
De Tegemoetkoming Energiekosten (TEK) kan vandaag voor het laatst worden aangevraagd. Veel ondernemingen die grote hoeveelheden gas en elektriciteit verbruiken, vragen nog snel een tegemoetkoming aan. Vorige week kwamen er acht keer meer aanvragen binnen dan in eerdere weken.
( 3
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Veel banken en andere geldverstrekkers hebben hun hypotheekrentes afgelopen week opgeschroefd. Daardoor staan veel rentes op het tot nu toe hoogste punt van het jaar.
( 4
min )
Autofabrikanten staan in de rij voor 'groen staal'. Het probleem is dat het meeste staal nog steeds wordt gesmeed met behulp van fossiele brandstoffen.
( 4
min )
Het aandeel Ajax verloor maandag 0,5 procent bij de opening van de beurs. Beleggers verwerken de jaarcijfers van de voetbalclub die vlak voor het weekend zijn gepubliceerd.
( 3
min )
Bedrijven die jarenlang in bestelbusjes met sjoemelsoftware hebben rondgereden, eisen nu een schadevergoeding van autofabrikanten. Transport en Logistiek Nederland (TLN) gaat de ondernemingen daarbij helpen.
( 4
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De Nederlandse industrie zit in de problemen. Het aantal orders loopt al geruime tijd terug, zowel in eigen land als vanuit het buitenland. Sommige bedrijven zetten daarom het mes in het personeelsbestand.
( 3
min )
Bedrijven die hun producten nog niet helemaal duurzaam verpakken, krijgen vanaf volgend jaar toch korting op de inzameling en recycling van niet volledig duurzaam plastic.
( 3
min )
Het caravan- en camperbezit onder jongeren is de afgelopen jaren fors gestegen. Tussen 1 januari 2020 en 1 september 2023 steeg het bezit onder Nederlanders tot en met 25 jaar met liefst 53 procent.
( 3
min )
De premie voor de autoverzekering is de afgelopen twee jaar veel harder gestegen bij jongeren tussen 18 en 24 jaar dan bij andere automobilisten. Jongeren waren al duurder uit, maar het prijsverschil tussen hen en 25-plussers loopt verder op.
( 5
min )
The labor union for West Coast dockworkers filed for bankruptcy to fend off a judgment holding it liable for what a federal jury found to be illegal slowdowns and work stoppages at the Port of Portland in Oregon.
( 26
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Dividend investing has always been popular, and for good reason. Dividend stocks offer a wide range of advantages for return-minded investors, but two of the most significant are a reliable income stream and an inflation-beating yield. Taken together, these advantages can form the base of a truly sound portfolio. The majority of dividend stocks pay out on a quarterly basis, but turning towards those with a monthly payment schedule allows investors to better plan their income streams to meet thei
( 35
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Drugmaker Viatris said on Sunday that it has entered into agreements to divest its businesses, including the Women's Healthcare business and its Active Pharmaceutical Ingredients (API) business. It also received an offer for the divestiture of its Over-the-Counter (OTC) business. Viatris will divest its API business in India to an Indian pharmaceutical company, Iquest Enterprises, the company said.
( 32
min )
The former boss of BP Bernard Looney is facing fresh allegations after the oil company’s 60,000 pensioners accused him of slashing their retirement pots.
( 33
min )
An early burst of positive sentiment - or relief - after the U.S. Congress agreed a last-minute deal to prevent a partial federal government shutdown could give Asian markets a boost at the open on Monday. But Chinese purchasing managers index data over the weekend, which pointed to mixed levels of services and manufacturing activity last month, may put a dampener on that.
( 32
min )
Walmart is updating job titles and pay structure for corporate staff roles as part of a review of its compensation structures and job descriptions across the company.
( 33
min )
(Bloomberg) -- An against-the-odds deal to avert a US shutdown is soothing nerves across Wall Street after a week of interest rate-spurred market disruptions. Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineSenate Voting on Bill to Avert US Government ShutdownMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWhile money manage
( 33
min )
Companies like JPMorgan, Amazon, and Goldman Sachs monitor compliance with return-to-office mandates by keeping electronic tabs on workers.
( 34
min )
(Bloomberg) -- Billionaire Bill Ackman would be interested in pursuing a deal with Elon Musk-owned X Corp. as part of a new investment vehicle, the Wall Street Journal reported.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineSenate Voting on Bill to Avert US Government ShutdownMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerEurope’s Richest Royal Family Builds $300 Billion Finance Empire
( 32
min )
Sam Bankman-Fried cannot blame FTX's lawyers for its collapse or operations in his opening statements, though he can still try and make a so-called "advice-of-counsel" defense later, the federal judge overseeing his case ruled Sunday.
( 31
min )
The union has listed its assets and liabilities in the range of $1 million to $10 million, according to the Sept. 30 filing made in a San Francisco court. "While we have attempted numerous times to resolve the decade-long litigation with ICTSI Oregon, at this point, the Union can no longer afford to defend against ICTSI's scorched-earth litigation tactic", said ILWU International President Willie Adams.
( 31
min )
Wall Street projects that Tesla delivered about 455,000 units in the third quarter. Estimates are wide-ranging though. The number could come in anywhere from 440,000 to 485,000 units.
( 22
min )
Just when it looked like West Coast port labor drama had dissipated, the ILWU has filed for bankruptcy protection. The post ILWU dockworkers union files for Chapter 11 bankruptcy protection appeared first on FreightWaves.
( 32
min )
A court filing from Saturday offers further details on the Department of Justice's case against the disgraced FTX founder.
( 32
min )
Tax-free municipal bonds are not just a source of investment but also a significant contributor to public projects such as roads, schools and hospitals. These debt instruments are issued by local or state governments, attracting investors for their provide tax-advantaged income. The interest earned from these bonds is typically exempt from federal taxes and, potentially, […] The post What Are Tax-Free Municipal Bonds and Should You Invest? appeared first on SmartReads by SmartAsset.
( 34
min )
Combined deliveries for NIO, XPeng, and Li Auto came in at almost 67,000 vehicles for September, the second-best month ever.
( 22
min )
Understanding the ins and outs of 401(k) and IRA rollovers isn’t a walk in the park. The maze of tax implications surrounding these rollovers might seem intimidating to many. However, deciphering the process of reporting these rollovers on your taxes is critical to maintaining the tax-deferred status of your retirement savings and steering clear of […] The post How to Report 401(k) and IRA Rollovers on Your Taxes appeared first on SmartReads by SmartAsset.
( 34
min )
Federal student loan borrowers will need to start making payments again this month after a three-year-plus pause due to the pandemic. It's likely that most borrowers have received their bill already but if you have not, visit your loan servicer account. If you have student loans and haven't made a payment in the last three years, don't panic.
( 33
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Top NASDAQ ETFS for Q4 2023 include QQQ, QTEC, and PNQI
( 19
min )
Managers are worrying about the wrong thing when it comes to Gen Z's skill development.
( 32
min )
(Bloomberg) -- Investors have shown few signs of panic during a stock market slump that’s pushed the S&P 500 Index into its first losing quarter in a year. But beneath the surface, signs of stress are emerging that go far beyond the just averted US government shutdown. Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineEurope’s Richest Royal Family Buil
( 34
min )
(Bloomberg) -- The third quarter was a story of dashed hopes in emerging markets, with the unraveling of some of the most profitable trades in the asset class.Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWeight-Loss Drugs Estimated to Save Airlines MillionsA stronger dollar and surgin
( 34
min )
“I would like to start by formally stating, under oath: I f***** up,” wrote Sam Bankman-Fried, days after the implosion of FTX, the $36bn cryptocurrency exchange he founded.
( 33
min )
The prolific social-media user says he would consider a deal with Elon Musk’s company, now known as X, for his new vehicle.
( 28
min )
(Bloomberg) -- Britain’s stock market is getting back on its feet.Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWeight-Loss Drugs Estimated to Save Airlines MillionsLess than a year after losing the crown of Europe’s biggest equity market, London looks set to recapture it from Paris, a
( 34
min )
The Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 all tend to rise during the month.
( 22
min )
(Bloomberg) -- At the biggest Middle Eastern energy conference this week, oil won’t be top of the agenda. Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownCongress Averts US Government Shutdown Hours Before DeadlineOnce Unthinkable Bond Yields Are Now the New Normal for MarketsEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWeight-Loss Drugs Estimated to Save Airlines MillionsMinisters and business chiefs will gather in Abu Dhabi for the Adipec summit,
( 33
min )
Bond prices, the Magnificent Seven and emerging markets are under pressure.
( 28
min )
Government spending has now spawned a deficit larger than GDP during a boom period could prove to be a long-term threat.
( 22
min )
The company and boss Carlos Tavares—both more European than American—are making progress with the union and avoiding more strikes for now.
( 27
min )
Sharply increasing fuel costs may exacerbate the carrier exodus this winter. The post Fuel price jump boosts rates but threatens trucking capacity appeared first on FreightWaves.
( 32
min )
A sunset provision is a clause in a piece of legislation that provides an automatic repeal of all or part of the law once a specific date is reached.
( 25
min )
Exogenous growth, a key tenet of neoclassical economic theory, states that growth is fueled by technological progress independent of economic forces.
( 18
min )
We track the reason behind the change in LIBOR's prefix from BBA to ICE.
( 22
min )
Flooding the market with cheap products can mean job losses and even market collapse—but dumping isn't as threatening as it seems.
( 25
min )
Since widening the use of markets, the Chinese government has not hesitated to insert itself into the markets when they do not align with its policies.
( 25
min )
The Mumbai Interbank Forward Offer Rate (MIFOR) is a rate that Indian banks use to set prices on forward-rate agreements and derivatives.
( 24
min )
Alan Greenspan was the 13th chair of the Federal Reserve, appointed to an unprecedented five consecutive terms between mid-1987 and early 2006.
( 25
min )
The original intent of Martin Luther King Jr.'s memorable speech on Aug. 23, 1963, is rooted in his economic beliefs about income inequality.
( 25
min )
Discover the three different types of reverse mortgages available to qualifying homeowners ages 62 and older.
( 26
min )
Sen. Booker proposed a baby bond program as a means to end intergenerational poverty. But how effective would such a seemingly radical plan be?
( 25
min )
The list price, in the real estate world, is the suggested gross sale price of real estate property when it is put on the market.
( 23
min )
Here are some of the top sources to get economic indicators and associated datasets for India, the breakout BRIC star.
( 21
min )
Industrialization’s complex impact on wages and standards of living is explained.
( 30
min )
The top 25 stocks in the S&P 500 by weight include many of the largest tech firms in the world.
( 22
min )
Hyperinflation is a rise in prices occurring not when countries print too much money but is instead associated with a collapse in the underlying economy.
( 26
min )
The 200-day simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term market trend.
( 23
min )
Top NASDAQ ETFS for Q4 2023 include QQQ, QTEC, and PNQI
( 18
min )
Over half of Americans surveyed by Allianz say they're worried about a major recession, and are keeping more money in cash.
( 17
min )
With hours to spare, the U.S. Congress passed a late bipartisan deal to avert a government shutdown.
( 17
min )
Producenten en importeurs van plastic producten krijgen vanaf volgend jaar ook korting op het bedrag dat ze betalen voor het inzamelen en recyclen van niet volledig duurzaam plastic. Veel producenten lukt het nog niet om aan alle eisen te voldoen en daarom krijgen zij vanaf januari ook al wat korting als plastic verpakkingen iets duurzamer zijn.
( 4
min )
De nieuwste iPhone 15 Pro kan in de eerste dagen na aanschaf heel warm worden door een fout in de software. Apple werkt aan een oplossing na klachten van gebruikers dat de smartphone te heet werd om aan te raken.
( 5
min )
Vakbond FNV roept medewerkers in de houthandel op om de komende tijd soms voor bepaalde tijd hun werk neer te leggen. Daarmee wil de bond zijn eisen voor een nieuwe cao kracht bijzetten.
( 3
min )
De bitcoin had van juli tot en met september het eerste kwartaalverlies van het jaar. De bekendste cryptomunt van de wereld, die nu wordt verhandeld rond de 27.000 dollar, zakte ongeveer 11 procent in waarde.
( 5
min )
Europeanen hebben in 2022 ruim 3 procent meer illegaal gedownload en gestreamd dan in 2021. De afgelopen jaren nam digitale piraterij juist af, maar vorig jaar sloeg de trend om. Hoge abonnementsprijzen en versplintering van de streamingdiensten zijn daar mogelijk de oorzaak van.
( 6
min )
Aan een van de grootste winstmachines van de Nederlandse economie komt na ruim zestig jaar een einde. De gaswinning in Groningen leverde miljarden op, maar ook veel boosheid en frustratie. Vandaag gaan de gasputten definitief dicht. Nou ja, bijna.
( 5
min )
Now that the worst month of the year is over, the market can do what it does best—go up.
( 22
min )
Investment bank D.A. Davidson, which has adopted the bison as a brand, picked 17 “high quality” stocks—a few giant, most smaller. We look at seven. .
( 22
min )
Sterling Infrastructure and other obvious beneficiaries of massive governmental spending have already seen their stocks surge in anticipation. Here are some others.
( 22
min )
A federal agency has sued the restaurant chain Chipotle, accusing it of religious harassment and retaliation after a manager at a Kansas location forcibly removed an employee's hijab, a headscarf worn by some Muslim women. In a lawsuit filed Wednesday, the Equal Employment Opportunity Commission alleged that in 2021, an assistant manager at a Chipotle in Lenexa, Kansas, repeatedly harassed the employee by asking her to show him her hair, despite her refusal.
( 32
min )
(Bloomberg) -- The US consumer is starting to buckle as rising gas prices crimp spending and the delinquency rate on credit cards reaches the highest level in more than a decade. And that’s before student loan payments restart in October.Most Read from BloombergEurope’s Richest Royal Family Builds $300 Billion Finance EmpireHouse Passes Bill to Avert Government Shutdown, Sends to SenatePakistan Rupee Set to Become Top Performing Currency Globally Murder Claim in Canada Is Only Helping India Lead
( 34
min )
The legal fights between Disney and Gov. Ron DeSantis ratcheted up this week. The Florida governor asked that the company's First Amendment lawsuit against him be tossed from federal court, and Disney demanded emails, texts and other communications from the governor's office in a separate state court lawsuit originally brought by DeSantis appointees of Walt Disney World's governing district. The legal filings marked an escalation in the battle between the entertainment giant and DeSantis, a candidate for the 2024 GOP presidential nomination.
( 33
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Nearly 90% of startups fail. As one of the riskiest alternative investment avenues, retail investors typically steer clear of startups given the risk parameters, while ultra-wealthy people and venture capital firms often choose to invest exclusively in startups. Though nine out of 10 startups fail, making a bet on one can quickly make you a millionaire. With $35 billion in total assets under management, Silicon Valley-based Andreessen Horowitz is the world's biggest venture capital firm. While i
( 33
min )
The beginning of a U.S. initial public offering comeback was marked this month by grocery delivery platform Instacart making its public debut on the Nasdaq Stock Exchange on Sept. 19 and SoftBank-backed chipmaker Arm Holdings' public listing in the U.S. earlier this month. Backed by Sequoia Capital and D1 Partners, Instacart became the first venture capital-backed company to go public since December 2021. "I think we're going to see more companies kick off their (IPO) process in 2024, which is w
( 34
min )
(Reuters) -Walmart on Saturday said that it will streamline job titles across its corporate staff, to ensure that it remains competitive. "We're in the process of updating our approach to campus office jobs to ensure we remain competitive in today’s environment, better reflect the work being done today, while streamlining job titles across our campus office roles," a Walmart spokesperson said in a statement. Corporate employees at Walmart and Sam's Club, its warehouse chain, will be reclassified into fewer groups of possible titles and in some cases, pay changes will go into effect, starting in November.
( 32
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Personal representatives are tasked with managing estates when people die, either according to the terms of their will or the state laws that govern certain successions. An executor is a type of personal representative who’s specifically designated in someone’s will to carry out their final wishes and distribute their assets. A financial advisor can be […] The post Personal Representative vs. Executor: Key Differences appeared first on SmartReads by SmartAsset.
( 33
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Acquiring $1 million in a lump sum is no simple matter and figuring out the amount of taxes due on it is also complicated. The answer depends on several factors, including the source of the money, where you live and whether Social Security and other FICA taxes apply. Individual circumstances make all the difference. In […] The post How Much Are Taxes on $1 Million? appeared first on SmartReads by SmartAsset.
( 34
min )
The funds have been hard hit during the bond selloff and now trade at 15%-plus discounts to asset value.
( 22
min )
(Bloomberg) -- It was the week that bond markets finally seemed to grasp what central bankers have been warning all year: higher interest rates are here to stay. Most Read from BloombergEurope’s Richest Royal Family Builds $300 Billion Finance EmpirePakistan Rupee Set to Become Top Performing Currency Globally Murder Claim in Canada Is Only Helping India Leader Modi at HomeWeight-Loss Drugs Estimated to Save Airlines MillionsTop Chinese Scientist Claims India Moon Landing Nowhere Near South Pole
( 35
min )
Life insurance is built around beneficiaries who will receive the benefits of your life insurance payout when you pass away. However, from time to time, your named beneficiary cannot collect the payment. In that case, the policy passes on to your successor beneficiary. This is a substitute who can receive your insurance benefits instead, like […] The post Successor Beneficiary Rules appeared first on SmartReads by SmartAsset.
( 34
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In the final part of a five-part series, we examine how the White House has made student loan repayment easier ahead of the Oct. 1 deadline."
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Cruise line operator Carnival Corporation posted record revenue and its first quarterly profit since 2020 as bookings surged, but shares fell on a weaker-than-expected profit outlook.
( 19
min )
At 7.3% the week ending Sept. 28, the 30-year fixed-rate mortgage hit the highest level since 2000. Still, home prices are rising.
( 33
min )
(Bloomberg) -- Days before the trial of Sam Bankman-Fried is due to begin in New York, the digital-asset industry is closing ranks against the US government in the case of another influential crypto company: Binance.Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWeight-Loss Drugs Estima
( 33
min )
We’re winding up the third-quarter of 2023, and what could be more natural than to figure out the best stocks for the rest of the year? Stock picking of this sort is an essential skill for every investor, and fortunately, the Street’s analysts make it easier. They research and analyze various stocks, taking into account a wide range of factors such as company financials, market trends, and growth potential. Through their expertise, these analysts identify and highlight which stocks they believe
( 35
min )
Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars a month. To get ready, borrowers are cutting expenses, taking on additional work, and looking for options to reduce their monthly payments. Megan McClelland, 38, said she has started asking for October shifts with a catering company and a winery to help supplement her income.
( 33
min )
Jerome Powell was asked if he shares the Fed staff’s view that the economy is headed for a soft landing last month. “No, I would not do that,” he said.
( 38
min )
(Bloomberg) -- Measures of underlying inflation cooled in the US and Europe in recent months, which could prompt the central banks to leave interest rates on hold.Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWeight-Loss Drugs Estimated to Save Airlines MillionsOnce Unthinkable Bond Yields Are Now the New Normal for MarketsPakistan Rupee Set to Become Top Performing Currency Globally The US core person
( 34
min )
Analysts say higher interest rates will deter some borrowers from refinancing student loans but that there is still an opportunity for the fintech.
( 22
min )
Spot Bitcoin and Ether ETFs available through trusted traditional financial institutions will break down barriers and streamline mainstream adoption
( 34
min )
The U.S. Commodity Futures Trading Commission on Friday ordered Goldman Sachs, Bank of America and JPMorgan to pay a total of over $50 million for swap reporting failures and other violations, the agency said in a statement. JPMorgan, Bank of America, and Goldman Sachs will pay civil monetary penalties of $15 million, $8 million, and $30 million respectively, the CFTC said.
( 32
min )
Cancer detection firm has plans for huge facility, tons of hires in #Phoenix. $EXAS
( 21
min )
As he gets new funding, John Chidsey plans an overseas expansion and pushes a sandwich revamp.
( 22
min )
Electric-vehicle inventories are running nearly twice that of traditional vehicles, suggesting that too many cars are being produced for current demand. A trouble spot for U.S. producers like Ford and General Motors: slow sales in their home states.
( 22
min )
Steve Burns left the troubled electric-vehicle startup in 2021, after an investigation by the board found inaccuracies around disclosures of preorders for the company’s Endurance pickup truck.
( 27
min )
(Bloomberg) -- China’s property sector has yet to see the worst of the crisis that has cast a pall over the nation’s economy and helped drive an exodus of global funds from the world’s second-largest stock market.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Europe’s Richest Royal Family Builds $300 Billion Finance EmpireTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleStock Optimism Fizzles as Quarterly Losses Pile Up: Markets WrapDi
( 33
min )
Het Amerikaanse Huis van Afgevaardigden heeft zaterdag een shutdown van de overheid voorlopig voorkomen. Het onheil werd afgewend door een voorstel van de Republikein Kevin McCarthy voor noodfinanciering aan te nemen.
( 3
min )
Ongeveer 55.000 geïnteresseerde woningzoekers hebben zaterdag meegedaan aan de Open Huizen Dag. Dat laat makelaarsorganisatie NVM weten.
( 3
min )
Veel Amerikaanse overheidsdiensten dreigen vanaf dit weekend op slot te gaan. De Democraten en Republikeinen kunnen nog steeds geen akkoord bereiken over de overheidsbegroting. De shutdown gaat de economische groei van de Verenigde Staten "ondermijnen", vermoedt de Amerikaanse minister van Financiën Janet Yellen.
( 4
min )
Het grootste nieuws bij aankondiging van de iPhone 15-serie was dat de telefoons opladen met een USB-C-kabel. Vernieuwingen op de smartphonemarkt zijn niet meer zo spannend meer als vroeger. Ook nu weer: de iPhone 15 (Pro) is een toptelefoon, maar als update is hij wat saai.
( 5
min )
Een maandenlange staking van vrachtwagenchauffeurs op een parkeerterrein langs een Duitse snelweg is voorbij. Voornamelijk vrachtwagenchauffeurs uit Georgië en Oezbekistan startten de staking ruim twee maanden geleden, omdat hun Poolse werkgever ze niet betaalde. Dankzij Nederlandse bemiddeling is dat nu opgelost.
( 3
min )
Het grootste nieuws bij aankondiging van de iPhone 15-serie was dat de telefoons opladen met een USB-C-kabel. Vernieuwingen op de smartphonemarkt zijn niet meer zo spannend meer als vroeger. Ook nu weer: de iPhone 15 (Pro) is een toptelefoon, maar als update is hij wat saai.
( 5
min )
De Turkse minister van Financiën Mehmet Simsek gaat naar Europa om te praten met internationale investeerders over meer buitenlandse investeringen in Turkije.
( 3
min )
De grootste bedrijfslobbygroep van Italië is somber gesteld over de economie voor de rest van dit jaar. Volgens Confindustria is er zwakte in de industrie en dienstensector en zorgen de renteverhogingen door de Europese Centrale Bank (ECB) en stijgende energiekosten voor tegenwind.
( 3
min )
Een Amerikaanse ambtenaar wordt vervolgd voor het lekken van de belastingaangiftes van onder meer oud-president Donald Trump. De 38-jarige Charles Edward Littlejohn riskeert vijf jaar cel, meldt The Washington Post.
( 3
min )
De hoogste bestuurders van de Amerikaanse autobedrijven Ford Motor en General Motors (GM) zijn boos nu een grote staking is uitgebreid. Vrijdag werd bekend dat nog meer werknemers het werk neerleggen. De staking is de derde week ingegaan en er lijkt geen einde in zicht.
( 4
min )
Veel Amerikaanse overheidsdiensten dreigen vanaf dit weekend op slot te gaan. De Democraten en Republikeinen kunnen nog steeds geen akkoord bereiken over de overheidsbegroting. De shutdown gaat de economische groei van de Verenigde Staten "ondermijnen", vermoedt de Amerikaanse minister van Financiën Janet Yellen.
( 4
min )
Volgens staalfabrikant Tata Steel is zijn uitstoot van kankerverwekkende paks gehalveerd sinds 2019. Maar die bewering klopt niet, stelde Greenpeace deze week tijdens een zitting bij de Reclame Code Commissie. Hoe zit het met de uitstootcijfers van Tata Steel?
( 5
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Volgens staalfabrikant Tata Steel is zijn uitstoot van kankerverwekkende paks gehalveerd sinds 2019. Maar die bewering klopt niet, stelde Greenpeace deze week tijdens een zitting bij de Reclame Code Commissie. Hoe zit het met de uitstootcijfers van Tata Steel?
( 5
min )
De omvangrijke Chinese industrie is in september voor het eerst in zes maanden tijd weer gegroeid. Het zijn signalen dat de economie van China langzaam aan het opkrabbelen is na een periode van zwakte.
( 3
min )
Review the differences between a career as a financial adviser and a career as a financial analyst, including how to decide which is best for you.
( 24
min )
The College Construction Loan Insurance Association (CCLIA), also known as Connie Lee, was a government-sponsored enterprise that was privatized in 1997.
( 21
min )
New Keynesian economics is a modern twist on the macroeconomic doctrine that evolved from classical Keynesian economics principles.
( 20
min )
In the final part of a five-part series, we examine how the White House has made student loan repayment easier ahead of the Oct. 1 deadline."
( 23
min )
Cruise line operator Carnival Corporation posted record revenue and its first quarterly profit since 2020 as bookings surged, but shares fell on a weaker-than-expected profit outlook.
( 18
min )
Many of the biggest BNPL providers have strict lending standards and safeguards against losses in place
( 21
min )
A viatical settlement is when someone with a terminal disease sells their life insurance policy at a discount for ready cash.
( 20
min )
What does group term life insurance or GTL mean on your paycheck?
( 22
min )
How much you actually receive from the cash value of your life insurance policy is based on the surrender value, which can sometimes be much lower.
( 28
min )
Encroachment happens when a property owner violates the rights of his neighbor by building on or extending a structure to the neighbor's land or property.
( 19
min )
(Bloomberg) -- Dental aligner company SmileDirectClub Inc. filed for bankruptcy four years after raising $1.35 billion in an initial public offering. Most Read from BloombergEurope’s Richest Royal Family Builds $300 Billion Finance EmpirePakistan Rupee Set to Become Top Performing Currency Globally Top Chinese Scientist Claims India Moon Landing Nowhere Near South PoleStock Optimism Fizzles as Quarterly Losses Pile Up: Markets WrapDianne Feinstein, Longest-Serving Female Senator, Dies at 90The C
( 32
min )
Now that the worst month of the year is over, the market can do what it does best—go up.
( 22
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Demand for gold has held up this year amid record buying from central banks and strong appetite from Chinese buyers, which has offset lower demand in India.
( 20
min )
For the true believers who made Bed Bath & Beyond a meme stock, a reckoning is now at hand.
( 21
min )
Elon Musk's X Corp, facing its own legal claims over unpaid rent, has sued a financial services company to recoup more than $713,500 in allegedly past due rent and other fees stemming from a sublease agreement for San Francisco office space. X, formerly known as Twitter, sued Atlas Exploration in San Francisco Superior Court on Thursday in a complaint alleging breach of contract. Atlas and X entered a sublease agreement for space at 650 California Street in San Francisco's financial district in April 2021, the lawsuit said.
( 31
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Oil and gas companies featured heavily in the list of top-performing S&P 500 companies in the third quarter, as rising crude prices lifted the outlook for profits.
( 19
min )
The Securities and Exchange Commission sued one of FTX’s accounting firms Friday, alleging it violated auditor-independence rules hundreds of times in its work with dozens of different clients.
Prager Metis, which has advertised itself as the first accounting firm to open an office in the metaverse
( 23
min )
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Today's best CD rates are 6.00% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 21
min )
Amgen was the best-performing stock in the Dow Jones Industrial Average in the third quarter, while Zions Bancorp, up 30%, was the top stock in the S&P 500.
( 22
min )
Investment bank D.A. Davidson, which has adopted the bison as a brand, picked 17 “high quality” stocks—a few giant, most smaller. We look at seven. .
( 30
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United Airlines pilots approved a new contract that would raise compensation by about 40%. The $10.2 billion contract is the largest deal in U.S. airline history.
( 18
min )
Bill Ackman said he capitalized on worries about Google's AI chops to buy in cheap, took a long-term view, and prized the tech titan's predictability.
( 32
min )
The energy landscape is constantly evolving, and today we are witnessing a significant shift. The latest edition of Goldman Sachs’ Carbonomics report outlines the likely mid- to long-term course of America’s shale revolution. This report examines the technological advancements in exploration and extraction that transformed the US into a net oil exporter by 2018. Written under the leadership of the 5-star analyst Michele Della Vigna, the report elucidates the maturation and concluding phases of t
( 37
min )
Supply chain issues created during the global coronavirus pandemic cost automakers billions of dollars in 2021 and prompted some companies to build domestic manufacturing facilities to solve the problem. "Never seen anything like it," Tesla CEO Elon Musk posted on the platform now known as X. "Fear of running out [of computer chips] is causing every company to overorder — like the toilet paper shortage but at epic scale." Tesla depends on Taiwan Semiconductor to produce its processors, but it's
( 33
min )
(Bloomberg) -- US crude production reached the second-highest level on record in July as output from Texas’s Permian Basin soared to an all-time high. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Europe’s Richest Royal Family Builds $300 Billion Finance EmpireTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleDianne Feinstein, Longest-Serving Female Senator, Dies at 90Stock Optimism Fizzles as Quarterly Losses Pile Up: Markets WrapThe
( 32
min )
Microsoft held preliminary talks about selling Bing to the iPhone maker, which would have made Bing the default search on its devices instead of Google, Bloomberg reports.
( 34
min )
Tech's struggles over the past two months have created a pre-AI boom buying opportunity, the Swiss bank said Friday.
( 31
min )
The Biden administration proposal to dramatically hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 billion in fines, an automotive group said Friday. The Alliance for Automotive Innovation, which represents General Motors, Toyota Motor, Volkswagen, Hyundai and others, said the National Highway Traffic Safety Administration proposal "exceeds maximum feasibility" and noted the agency projects "manufacturers will pay over $14 billion in non-compliance penalties between 2027 and 2032."
( 30
min )
Inflation has begun to cool, and that may translate to some assets. The Treasury's Series I Bonds, or " I bonds," are no longer the prized savings tool they were 12 months ago. As cost increases slowed over the past year as Federal Reserve raised interest rates, it was inevitable that this inflation-tied asset would […] The post The Series I Bond Frenzy is Dying Down. Is Now the Time to Cash Out? appeared first on SmartReads by SmartAsset.
( 33
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With smart money management, retiring at 55 years old with $6 million could be a breeze. But a lot of work has to go into the strategies you make and the actions that you take. That also includes how you … Continue reading → The post Is $6 million Enough to Retire at 55? appeared first on SmartAsset Blog.
( 34
min )
Is it possible to earn a paycheck while sitting on the couch watching television? Absolutely, but it takes a bit of work beforehand to set things in motion. By developing online assets, investments and interest payments, you can put your … Continue reading → The post How to Make $1,000 a Month in Passive Income appeared first on SmartAsset Blog.
( 37
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Thirty-year mortgage rates have surged again, jumping almost another two-tenths of a point to take the flagship average into historic 8% territory.
( 20
min )
New Street Research analyst Pierre Ferragu reiterated a Buy rating on TSMC’s Taiwan-traded shares. He sees about 34% upside for TSMC’s U.S.-listed American depositary receipts.
( 22
min )
Investing in real estate often seems straightforward: Purchase a house, lease it and receive monthly rent from the tenant. But reality doesn't always follow the script, as Jason Roth of Seattle can attest. Roth rented out his home in Rainier Valley but the tenant stopped paying rent. Roth is now owed $29,000 in unpaid rent plus utilities. Roth is living in a van with his dog Wally, KIRO 7 News reported. "It's frustrating, extremely frustrating. It's something I can't fully wrap my head around,"
( 33
min )
A co-founder of a multibillion-dollar crypto hedge fund that imploded last year was arrested Friday in Singapore.
Su Zhu was stopped while trying to leave the Southeast Asian country's airport late Friday afternoon, according to people familiar with the matter. He will be held by police in the east
( 24
min )
Energy-company stocks appear to be lagging crude oil prices recently. Looks can be deceiving.
The price of U.S. crude oil has climbed about 9.5% in September, while the S&P 500 Energy subindex, which usually closely follows crude, has only notched a 3.4% gain.
That's partly because "the price of U
( 23
min )
With the Splunk deal announced Sept. 21, Cisco “is putting its money where its mouth is with software investments,” said one analyst.
( 26
min )
President Joe Biden recently made history by being the first sitting president to join striking autoworkers on the picket line. Speaking through a bullhorn outside a General Motors Co. plant in Michigan, Biden voiced his support for the United Auto Workers union strike. "Wall Street didn't build the country. The middle class built the country, and unions built the middle class. And that's a fact. So, let's keep going," he said. "You deserve what you've earned, and you've earned a hell of a lot m
( 32
min )
The market landscape for 4Q23 is starting to emerge through the fog, and some of the experts at banking giant J.P. Morgan are pleased with what they’re seeing. Despite an end-of-September sell-off sparked by the Fed’s indications of ‘higher rates for longer,’ JPMorgan Global Wealth Management global investment strategist, AJ Oden, believes the S&P 500 will hit a record high next year. According to Oden, the S&P may gain as much as 11% by the middle of next year, to reach above 4,800. This would
( 36
min )
Higher prices today than those expected in the future means that energy stocks aren’t getting full credit for the rise in current prices. It’s good news for producers like Occidental Petroleum.
( 22
min )
↗️ Nike (NKE): Shares jumped about 8% in early trading after the sportswear company reported better-than-expected profits on Thursday. Nike also said its inventories fell 10% from the previous year—a sign that the company is working through its inven
( 24
min )
Brinker upgraded, Berkshire Hathaway downgraded: Wall Street's top analyst calls
( 34
min )
Wonder Group is buying meal kit company Blue Apron for about $103 million as the company looks to enhance its offerings. Wonder Group, which was founded by e-commerce mogul Marc Lore, began with vans that would deliver meals to residences, making the final preparations curbside. Blue Apron has built itself into a known name in the meal kit sector, but it's faced increased competition over the years from other meal kit businesses, like Hello Fresh, as well as restaurant and grocery delivery services and at home chefs.
( 32
min )
U.S. consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing to below 4.0%. With gasoline price surging, inflation as measured by the personal consumption expenditures (PCE) price index rose 0.4% in August after climbing 0.2% in July. In the 12 months through August, the PCE price index advanced 3.5% after rising 3.4% in July.
( 33
min )
Nothing lasts forever on Wall Street. Today's champion stocks are tomorrow's bums and vice versa. For investors, the conundrum is determining when the downtrodden stocks will turn around. Buying after a long price decline is risky because investors must distinguish between the proverbial "falling knife" that may continue to drop versus an opportunity to buy a quality stock that will appreciate nicely over time. Sometimes it pays to watch for trends and gauge what should be the future direction o
( 35
min )
Chipmaker Intel said on Friday it had begun high-volume production using extreme ultraviolet (EUV) lithography machines at its $18.5 billion plant in Ireland, calling it a "landmark" moment as it seeks to regain ground on its rivals. The EUV tools, which are theoretically precise enough to hit a person's thumb with a laser pointer from the moon, will play a key role in meeting Intel's goal of delivering five generations of technology in four years, the U.S. company said. The effort in Ireland is Intel's first attempt at high-volume manufacturing using EUV technology.
( 32
min )
(Bloomberg) -- When Jason Hsu saw Nvidia Corp. rally above $250 a share earlier this year, he gave his mom what he thought was a sage piece of advice: Sell your shares.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally UAW Aims For At Least 30% Wage Bump to Woo New MembersBiden Impeachment Hearing Heavy on Politics, Light on SubstanceTop Chinese Scientist Claims India Moon Landing Nowhere Near South Pole‘Fortnite’ Maker Epic Games Is Cutting About 16% of StaffT
( 33
min )
A raid by French authorities of the offices of a technology firm named as Nvidia in media reports is the latest among a string of such actions by European regulators as they look to check the dominance of Big Tech companies from thwarting competition. The French competition authority conducted the dawn raid on Wednesday on a company in the "graphics cards sector", it said. French newspaper Challenges and the Wall Street Journal identified the company as Nvidia.
( 33
min )
The sale to food-delivery startup Wonder would end a disastrous six-year experiment with public ownership.
( 27
min )
China's cyberspace regulator's proposal is seen as a move to boost business activity and is particularly good news for the country’s multinational companies.
( 22
min )
Apple, Microsoft, Tesla, Alphabet, and Amazon.com advanced between 0.7% and 1.4% in premarket trading as two-year and 10-year Treasury yields declined. "A move lower in bond yields has given equity markets a much-needed reprieve," said Tim Waterer, chief market analyst at KCM Trade. With fears of high oil prices fueling inflation, investors are awaiting the U.S. central bank's preferred inflation metric- the personal consumption expenditures (PCE) price index, seen increasing 0.5% in August against a 0.2% gain in July.
( 32
min )
While pay increases following the strike will take the shine off automakers’ margins, their electric vehicles are still making huge losses.
( 27
min )
Nike's fiscal first-quarter earnings top analysts' estimates, Tesla is sued for racial harassment at its factory in California, and the UAW strike against the Big Three auto makers could expand Friday.
( 22
min )
(Bloomberg) -- Aston Martin Lagonda Global Holdings Plc shares jumped after Executive Chairman Lawrence Stroll’s Yew Tree Consortium agreed to boost its stake in the carmaker to 26.2%. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally UAW Aims For At Least 30% Wage Bump to Woo New MembersTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleBiden Impeachment Hearing Heavy on Politics, Light on Substance‘Fortnite’ Maker Epic Games Is Cutting Ab
( 32
min )
(Bloomberg) -- China Evergrande Group wiped out international investors, roiled financial markets and left thousands of suppliers in the lurch. Yet it was the developer’s failure to pay households who invested in its wealth management products that may have provided the last straw for Chinese authorities.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Biden Impeachment Hearing Heavy on Politics, Light on SubstanceUAW Aims For At Least 30% Wage Bump to Woo Ne
( 35
min )
Among the 52 companies that MSCI categorizes as semiconductor makers, only Intel has avoided a share-price decline as the month draws to a close.
( 36
min )
The defense contractor’s shares are cheap and the company is growing faster than its peers.
( 22
min )
(Bloomberg) -- Oil buyers across the planet are facing some of the highest premiums for supplies they’ve seen in months — or longer — as dwindling stockpiles at the largest US storage hub reverberate through markets from Asia to the Middle East to Europe. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Biden Impeachment Hearing Heavy on Politics, Light on SubstanceUAW Aims For At Least 30% Wage Bump to Woo New MembersTop Chinese Scientist Claims India Moon L
( 33
min )
(Bloomberg) -- BlackBerry Ltd. Chief Executive Officer John Chen expects a “better than 50-50 chance” of wrapping a strategic company review before his contract expires in November, setting up a takeover or overhaul of the former tech darling.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Biden Impeachment Hearing Heavy on Politics, Light on SubstanceUAW Aims For At Least 30% Wage Bump to Woo New Members‘Fortnite’ Maker Epic Games Is Cutting About 16% of St
( 32
min )
Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday. Oil prices had eased about 1% on Thursday, as traders took profits after prices soared to 10-month highs, and some worried that high interest rates may weigh on oil demand. "Oil prices recent rally paused overnight," National Australia Bank said in a note.
( 33
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"The odds are higher than the market is currently discounting that the Saudis will take their foot off the brake sooner."
( 33
min )
Demand for gold has held up this year amid record buying from central banks and strong appetite from Chinese buyers, which has offset lower demand in India.
( 19
min )
Oil and gas companies featured heavily in the list of top-performing S&P 500 companies in the third quarter, as rising crude prices lifted the outlook for profits.
( 18
min )
The S&P 500 fell 3.65% in the third quarter driven by high interest rates which negatively impacted the real estate and utilities sectors while the energy sector saw major growth.
( 19
min )
Today's best CD rates are 6.00% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 19
min )
A benefit period is the length of time during which an insurance policyholder or their dependents may file and receive payment for a covered event.
( 20
min )
The S&P 500 finished 0.3% lower on Friday, Sept. 29, 2023, amid concerns about a potential U.S. government shutdown this weekend.
( 16
min )
United Airlines pilots approved a new contract that would raise compensation by about 40%. The $10.2 billion contract is the largest deal in U.S. airline history.
( 17
min )
In part four of a five-part series, we look at how the student loan debt burden has snowballed since the 1980s.
( 19
min )
Oil stocks sank after the Biden administration offered just three offshore drilling leases over the next five years, the fewest in history.
( 17
min )
Health insurance gaps have left millions of consumers struggling with medical debt. Find other options to soften the blow.
( 21
min )
Discover the viability of using a personal loan to finance your car purchase. Learn about the advantages and potential drawbacks.
( 23
min )
A bank card is a physical card issued by a bank used to pay for purchases and make transactions.
( 23
min )
Many federal student loan borrowers have abandoned hope that President Joe Biden will follow through on his 2020 campaign promise of widespread loan forgiveness, but the administration is still forging ahead.
( 19
min )
California is raising its minimum wage for fast-food workers to $20 per hour, the highest minimum wage of any state in the country.
( 17
min )
If you are a military retiree or veteran, you should know about medical care benefits you may be missing.
( 29
min )
The Securities and Exchange Commission has charged ten financial firms over long-standing record-keeping violations.
( 16
min )
FTX founder and former CEO Sam Bankman-Fried's trial starts next week, as the former darling of the crypto industry faces charges of fraud and conspiracy.
( 19
min )
A named perils insurance policy is a home insurance policy covering only losses incurred to a property from hazards or events named on the policy.
( 18
min )
A jumbo certificate of deposit (CD) is a type of savings account with higher balance requirements than a traditional CD that, in return, pays a higher interest rate.
( 25
min )
Creditable coverage is a health insurance, prescription drug, or another health benefit plan that meets a minimum set of qualifications.
( 21
min )
The Commerce Secretary overseas a vast business and commerce engine that drives the US economy.
( 22
min )
Corporate ownership of life insurance, corporate-owned life insurance, and dead peasant insurance refer to insurance obtained by a company on employees.
( 19
min )
According to a tax rule introduced in the American Rescue Plan Act in 2021, if you made $600 or more from reselling concert tickets, you have to report it to the IRS by filing a 1099-K form when you report your taxable income.
( 17
min )
A block policy is an insurance policy offering coverage against risks faced by goods that are transported or stored by third parties. Commonly found in commercial insurance, a block policy is designed to protect businesses from property damage.
( 17
min )
An alien insurer is one offering coverage in a country other than its home country.
( 19
min )
U.S. equities were mixed at midday on Friday, Sept. 29, 2023, after the inflation report favored by the Federal Reserve showed prices advanced at a slower pace than economists expected in August.
( 17
min )
Adverse possession is a principle of real estate law that allows a person who possesses someone else's land for an extended period of time to claim legal title to that land.
( 23
min )
Thirty-year mortgage rates have surged again, jumping almost another two-tenths of a point to take the flagship average into historic 8% territory.
( 19
min )
Totaling a vehicle can be a financial headache, not to mention an inconvenience. Learn what you can do to get back on the road after totaling a car.
( 21
min )
Catastrophe excess reinsurance is a policy that protects a catastrophe insurance company from insolvency following a disaster.
( 18
min )
Capital at risk is the amount of capital that is set aside to cover risks.
( 19
min )
Both CFDs and spread betting are types of leveraged investments, which offer significant market exposure with a small initial deposit. Learn more about how they work.
( 23
min )
Contractors' all risks (CAR) insurance covers contractors for both damage to a property and third-party injury or damage claims throughout the construction period.
( 21
min )
Shares of Blue Apron more than doubled after Wonder Group agreed to purchase the meal kit provider for $103 million.
( 17
min )
The United Auto Workers expanded its strike against General Motors and Ford, but not Stellantis, as some progress has been made in negotiations, the union said on Friday.
( 18
min )
Rising gas prices pushed up inflation in August and crowded out other spending in household budgets, according to an economic report that’s closely watched by officials at the Federal Reserve.
( 20
min )
The guideline premium and corridor test (GPT) is used to determine whether an insurance product can be taxed as insurance rather than as an investment.
( 20
min )
Nike shares soared after the athletic apparel retailer posted better-than-expected profit and slashed its inventory.
( 17
min )
Policyholder surplus is the assets of a mutual insurance company minus its liabilities, and it is one indicator of an insurance company’s financial health.
( 18
min )
Political risk insurance provides financial protection to investors, financial institutions, and businesses that could lose money due to political events.
( 19
min )
A business automobile policy (BAP) covers the vehicles a company uses in the course of carrying out its business.
( 19
min )
Insurance proceeds are benefit proceeds paid out by any type of insurance policy as a result of a claim.
( 20
min )
An underwriter syndicate is a temporary group of investment banks and broker-dealers who come together to sell offerings of equity or debt securities.
( 19
min )
Adjusted net worth is the value of an insurance company based on capital values, surplus values, and an estimated value of a business on the books.
( 18
min )
The eurozone's annual rate of inflation fell to a two-year low of 4.3% in September after the ECB hiked rates to a record level to slow rising prices.
( 17
min )
Indexed univeral life insurance is a lot like universal life insurance, however it does have a couple of wrinkles not found in traditional universal insurance policies. Universal life insurance comes in many different forms, from your basic fixed-rate policy to variable models that allow the policy holder to select various equity accounts in which they can invest.
( 19
min )
Medical underwriting is the process of assessing the risk of providing health insurance coverage to an individual and setting the price accordingly.
( 19
min )
Personal loans with low monthly payments can help you consolidate high-interest debt or pay for large purchases.
( 23
min )
Direct premiums written are the total premiums received before taking into account reinsurance ceded.
( 20
min )
Is your family looking to go someplace exotic for the holidays this year? Here, we'll tell you about five inexpensive places to visit.
( 19
min )
Salvage titles are issued when a vehicle is considered a total loss. Learn how a salvage title works and how to apply for one if you need to.
( 20
min )
The Federal Reserve System is the central bank of the United States and provides the nation with a safe, flexible, and stable financial system.
( 31
min )
Before you bring a furry friend into your household, make sure you can handle the hefty financial commitment.
( 22
min )
De NS mag in de toekomst alleen een hoger tarief in de spits vragen als andere opties om te spits te verlichten niet werken. Dat staat in het nieuwe contract dat de spoorvervoerder voor de komende jaren sluit. Een spitsheffing van 2,50 euro is daardoor op korte termijn van de baan.
( 4
min )
Het demissionaire kabinet houdt vol dat de extra wensen van de Tweede Kamer om de koopkracht volgend jaar te verbeteren niet helemaal in orde zijn. Ze overtreden begrotingsregels, de effecten zijn niet duidelijk en de financiering deugt niet.
( 8
min )
De Franse autoriteiten zijn een onderzoek begonnen naar mogelijke witwaspraktijken rond Bernard Arnault, de rijkste man van Europa. Hij zou samen met een Russische oligarch betrokken zijn bij een complexe deal rondom woningen in het luxueuze Franse skioord Courchevel.
( 3
min )
De vergunning voor de fusie van PostNL en Sandd is in 2019 terecht geweigerd, stelt de rechtbank Rotterdam vrijdag. De zaak is opmerkelijk, aangezien ze inmiddels al jaren één bedrijf zijn. PostNL stelde eerder dat de fusie niet meer ongedaan kan worden gemaakt.
( 4
min )
De update voor de iPhone 12 die Apple in Frankrijk heeft uitgebracht, stelt de Franse overheid gerust. Na de update is er geen sprake meer van een te hoog stralingsniveau en voldoet de telefoon aan Europese normen.
( 4
min )
De inflatie, de mate waarin de prijzen stijgen, is historisch laag deze maand. Houden we dan eindelijk meer geld over in onze portemonnee? "Het inflatiecijfer geeft een vertekend beeld", zegt Rabobank-econoom Hugo Erken.
( 5
min )
Het windmolenpark Hollandse Kust Zuid is vrijdag officieel geopend, ook al is het nog niet helemaal af. Het windpark moet een hoeveelheid energie opwekken die gelijkstaat aan het stroomverbruik van anderhalf miljoen huishoudens. Als het hard waait nog iets meer.
( 4
min )
Met 3.800 kilometer aan stroomkabels tussen Marokko en het Verenigd Koninkrijk kunnen zeven miljoen Britse huishoudens worden voorzien van zonnestroom en windenergie uit Noord-Afrika. De Britse regering roemt het project van het bedrijf Xlinks.
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min )
De inflatie van eurolanden is in september flink afgenomen. Consumentenprijzen stegen met 4,3 procent ten opzichte van september vorig jaar. Dat is het laagste niveau sinds oktober 2021. Net als in Nederland komt de afname vooral doordat energie goedkoper werd.
( 5
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Kinderen moeten altijd toegang houden tot basisvoorzieningen zoals water, gas en een dak boven hun hoofd, stellen experts uit Commissie sociaal minimum. Als ouders niet op tijd de rekening betalen, kunnen kinderen daar ernstig de dupe van worden.
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min )
Thuisbezorgd gaat een verdere samenwerking aan met flitsbezorgers. Via de app van de maaltijdbezorger kon je al boodschappen van Getir bestellen. Nu kun je ook producten van Gorillas toevoegen aan je digitale boodschappenmand.
( 4
min )
Duitsland haalt steeds meer energie uit hernieuwbare bronnen. In de eerste helft van 2023 kwam 52 procent van alle verbruikte stroom uit zon en wind. In Nederland lopen we nog iets achter op onze oosterburen.
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min )
Een half miljoen mensen die geen belastingaangifte deden over 2022 en waarschijnlijk recht hebben op teruggave, krijgen een dezer dagen een brief. Volgens de Belastingdienst kunnen ze gemiddeld 444 euro terug verwachten.
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min )
De omzet van winkeliers is in augustus met 5,9 procent gestegen ten opzichte van dezelfde maand vorig jaar. Maar dat kwam vooral door prijsstijgingen. Want consumenten kochten juist 2,1 procent minder spullen in de winkel.
( 3
min )
De inflatie is in de maand september hard afgenomen naar 0,2 procent, het laagste niveau sinds 2016. Dat kwam vooral door lagere energieprijzen. Boodschappen zijn nog steeds 10 procent duurder dan in september vorig jaar.
( 3
min )
Nike heeft in het eerste kwartaal van zijn gebroken boekjaar meer omzet gedraaid dan in dezelfde periode vorig jaar. Vooral consumenten in Europa, het Midden-Oosten en Afrika, maar ook in de regio Azië-Pacific en Latijns-Amerika meer uit aan schoenen en kleding van het merk.
( 4
min )
Een half miljoen mensen die geen belastingaangifte deden over 2022 en waarschijnlijk recht hebben op teruggave, krijgen een dezer dagen een brief. Volgens de Belastingdienst kunnen ze gemiddeld 444 euro terug verwachten.
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min )
Some of the biggest hedge fund managers have talked to Insider about what it takes to join their ranks. Here's what we know.
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Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 21
min )
Analyst James Shanahan cited the stock's strong performance versus other financial companies.
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min )
The fund's new strategy to combine ether and bitcoin will be effective formally on Oct. 3.
( 32
min )
General Electric failed to persuade a Manhattan federal judge to dismiss a long-running shareholder lawsuit accusing it of concealing risks at its power business, and the judge on Thursday urged both sides to settle. U.S. District Judge Jesse Furman said shareholders could pursue much of their remaining six-year-old class action regarding Boston-based GE's reliance on factoring in connection with long-term service agreements at GE Power. Shareholders led by two pension funds said the power unit grew increasingly reliant on factoring, or the sale of future revenue for cash, to boost reported revenue while sacrificing future cash flows.
( 32
min )
The Equal Employment Opportunity Commission is suing electric vehicle maker Tesla for a pervasive pattern of racial abuse at a California plant.
( 32
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Artificial intelligence (AI) has become the hottest trend in the tech sphere. Just take a look at Nvidia Corp. (NASDAQ:NVDA), which has been one of the biggest beneficiaries of investors' increasing enthusiasm for AI. Shares of the chip-making giant have surged 191% year to date, allowing the company to cross $1 trillion in market cap. But according to ARK Invest CEO Cathie Wood, there could be better ways to gain access to the booming sector. "We're really focused on those companies that most p
( 33
min )
The retailer is selling one-ounce gold bars on its website. The bars are so coveted, they often sell out hours after they are listed on the website.
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"How fast it transpires, I think, is going to be a function of that supply-demand issue, so I'm watching that very closely," said Dalio, founder of hedge fund Bridgewater Associates, in the interview. The country's debt has been under the spotlight in recent months after political brinkmanship around the debt limit earlier this year brought the U.S. close to a default.
( 31
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At age 99, Berkshire Hathaway Inc. Vice Chairman Charlie Munger's life spans pivotal eras of economic transformation. From the depths of the Great Depression to the financial tremors of the Great Recession, he's seen it all. Munger recalls a time when the minimum wage was 40 cents per hour. Such experiences, set against a backdrop of technological evolutions and geopolitical gyrations, have provided him with a unique lens through which he views investing. Today, Munger is one of the most esteeme
( 33
min )
Tech has surged, the Fed is well into a tightening cycle, and yields on fixed-income securities have risen materially. Luckily, this is 2023, not 2000, and we know better now.
( 22
min )
Congress could soon change how spouses access their retirement accounts. A pair of Democratic bills recently introduced in the House and Senate would require spouses to consent before either one can make any withdrawals from their 401(k) accounts. The bills, sponsored by Rep. Lauren Underwood, D-Illinois, and Sen. Tammy Baldwin, D-Wisconsin, seek to amend the […] The post Spouses May Soon Need to Agree on 401(k) Withdrawals Under This Proposed Law appeared first on SmartReads by SmartAsset.
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A $4 million nest egg will likely allow you to retire comfortably at age 55. The major challenge will be accumulating that much capital by 55 – about a decade before most people stop working. Other issues include the need to … Continue reading → The post Is $4 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.
( 32
min )
(Bloomberg) -- BlackRock Inc. is the latest exchange-traded fund issuer to take aim at the runaway success of JPMorgan Chase & Co.’s biggest active strategy. Most Read from BloombergElon Musk Wins US Space Force Contract for StarshieldPakistan Rupee Set to Become Top Performing Currency Globally China Puts Evergrande’s Billionaire Founder Under Police ControlPeloton Soars After Deal With Lululemon to Share Fitness ContentEvergrande’s Billionaire Chairman Hui Is Under Police SurveillanceThe activ
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min )
The Baby Boomer generation is reaching retirement age in record numbers. With more Boomers retiring on a daily basis, it helps to understand how prepared they are to leave their jobs for good. In this article, we’ll discuss the average … Continue reading → The post Average Retirement Savings for Baby Boomers appeared first on SmartAsset Blog.
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A report says Cliffs has signed a so-called standstill agreement with U.S. Steel.
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min )
Everyday investors are hungry for gold. If you need evidence, just look at Costco.
The retail giant has one-ounce gold bars for sale, which Chief Financial Officer Richard Galanti earlier this week said sell
( 23
min )
Costco said it's now selling 1-ounce gold bars, but can't keep them in stock because of strong demand.
( 32
min )
It was only a matter of time before JetBlue Airways issued updated third-quarter guidance. It was never going to be higher.
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min )
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Mortgage rates climbed again for standard 30-year and 15-year loans, raising both averages to their highest levels in more than 20 years. Most other averages held steady.
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min )
Along with the markets’ recent pullback, so has Cathie Wood’s flagship Ark Innovation ETF (ARKK) handed back some of the year’s prior gains. Nevertheless, it has still outpaced the broader markets this year. And despite growing bearish macro concerns, looking at how Wood expects the landscape to shape up, the ARK Invest CEO is optimistic her innovation-first approach will continue to deliver. “I do think that what’s happening this year is that the market is starting to look over the Fed’s moves…
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min )
Spotify downgraded, Tractor Supply upgraded: Wall Street's top analyst calls
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min )
Apple stock has fallen more than 10% since its July highs. Here's what analysts are saying about the iPhone maker's prospects.
( 22
min )
The used-car seller says 'vehicle affordability challenges' weighed on second-quarter sales.
( 22
min )
Apple stock has fallen more than 10% since its July highs. Here's what analysts are saying about the iPhone maker's prospects.
( 22
min )
Chico's is being acquired by Sycamore Partners for $1 billion.
( 22
min )
Battle Road Research analyst Ben Rose upgraded Tesla stock to the equivalent of Buy. The electric-vehicle maker has recently endured a series of negative headlines.
( 22
min )
The used-car seller says 'vehicle affordability challenges' weighed on second-quarter sales.
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min )
Billionaire Ryan Cohen, the largest individual investor in GameStop, is taking over as CEO at the video game retailer. Cohen is already the board chairman and the company's largest individual investor. The CEO job at GameStop, which became one of the most well-known meme stocks to create a frenzy among retail traders on Wall Street, has become a rotating door with the company trying to survive as technology upends the gaming industry.
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min )
Accenture posts fiscal fourth-quarter earnings of $2.71 a share on revenue of $15.99 billion.
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min )
Sam Bankman-Fried, 31, is facing fraud and conspiracy charges linked to FTX, which was once valued at $32 billion.
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Top blockchain and crypto news: U.S. lawmakers berate SEC over ETF applications. NFTs down but not dead. Hong Kong sees year’s biggest crypto heist so far.
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min )
Nio has held exploratory talks with Mercedes-Benz for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two people with direct knowledge of the matter said. Nio's founder and chief executive William Li discussed the potential collaboration with Mercedes CEO Ola Kaellenius earlier this year, seeking an investment from the latter in exchange for loss-making Nio sharing its research and development capabilities with Mercedes, said the sources. The talks did not reach a stage where details on the technology to be transferred and the potential financial investment were discussed, they said.
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min )
Converting a traditional IRA to a Roth IRA can help you minimize taxes in retirement. But executing the conversion strategically is key to maximizing the benefits. A recent Schwab retirement planning report recommends three tactics to reduce your Roth conversion tax bill: max out your current bracket, spread conversions over multiple years and start planning […] The post Make the Most of a Roth Conversion With These Strategies from Schwab appeared first on SmartReads by SmartAsset.
( 34
min )
Appointment of the chairman to additional role ends a monthslong stretch during which the videogame retailer pursued turnaround efforts without a CEO.
( 26
min )
Pfizer is partnering up with Boston synthetic biology firm Ginkgo Bioworks, plus other life sciences news you may have missed.
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min )
Vladimir Putin will be unable to protect citizens from the pain
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min )
Fiscal fourth-quarter revenue at chip maker Micron falls sharply from a year earlier, Peloton stock surges after signing a five-year partnership with Lululemon, and Nike and CarMax are scheduled to report earnings Thursday.
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min )
Rich Boyer, head of the UAW's Stellantis department, is skeptical about company plans for an Illinois plant that once supported 5,000 jobs.
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min )
Yaccarino says advertisers are returning to the Elon Musk-owned platform.
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min )
Ams-Osram shares fell by almost a fifth after it revealed plans to raise more than €2 billion through a capital increase, new bonds, and the sale of part of its semiconductor business.
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Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: a Sell initiation at RTX, and downgrades at NextEra Energy, Terex, and South State. Nextera Energy Partners (NYSE:NEP) received two downgrades after the company revised its growth expectations and limited equity needs. This reduction is attributed to the inability to accretively add drop-downs from its parent company Nextera Energy (NYSE:NEE), due to a higher cost of capital.
( 33
min )
Trading in the shares of China Evergrande and two of its publicly listed units was suspended following reports that the property developer’s chairman had been placed under police surveillance.
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min )
With demand for athletic wear slowing, the debate between the bears and the bulls rages on.
( 22
min )
Brent crude is climbing toward $100 a barrel after the two OPEC+ nations made a risky choice to slice their production.
( 27
min )
(Bloomberg) -- China Evergrande Group’s shares have suspended trading in Hong Kong, along with those of its property services and electric vehicle units. Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlCitadel Is Ready to Fight With SEC Over WhatsApp ProbeElon Musk Wins US Space Force Contract for StarshieldBond Selloff Grinds on as Oil Tests $94 a Barrel: Markets WrapLululemon Strikes Deal With Peloton for Fitness Content, Will Ax Mirror DeviceNo reason w
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min )
Obtain information, both general and comparative, about the best available financial modeling courses for individuals pursuing a career in investment banking.
( 21
min )
Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 19
min )
Debit and credit cards look the same and can be used for many of the same purposes. However, there are some key differences you need to know.
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min )
The average daily balance method is a common way that credit card issuers calculate interest charges, based on the total amount owed on a card at the end of each day.
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min )
A void transaction is a credit or debit card purchase that is canceled before money moves from the cardholder's account to the merchant's account.
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min )
How the Firestone credit card works and the benefits it has to offer, including both the store card and Mastercard versions.
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min )
Foreign transaction fees and currency conversion fees apply to two different parts of an overseas credit card transaction—the transaction itself and the currency involved.
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min )
Student loan borrowers are seeing thousands in savings when they change to the new SAVE income-driven repayment plan.
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min )
A chip-and-PIN card is a type of credit card that requires the cardholder to authorize the transaction by entering their personal identification number (PIN).
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min )
An insurance company credit rating indicates an insurance company's solvency, financial strength, and ability to pay policyholder claims.
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min )
Credit criteria are the various factors that lenders take into account in deciding whether or not to approve a loan or other form of credit.
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min )
U.S. equites rose, with the S&P 500 advancing 0.6% on Thursday, Sept. 28, 2023, as a report showed consumer spending slowed in the second quarter, and oil prices tumbled.
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min )
If you’re looking for ways to pay for school, you have a few options, including Parent PLUS loans vs. private student loans.
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min )
A range of online companies offer personal loans for $35,000 or more with reasonable rates and terms.
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min )
There are plenty of purposes of a $5,000 personal loan, with top options including debt consolidation and financing large purchases.
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min )
The Nasdaq-100 Pre-Market Indicator (PMI) gives an indication of the opening price for the Nasdaq 100 each trading day.
( 22
min )
The Consolidated Omnibus Budget Reconciliation Act (COBRA) provides for continuing health insurance coverage for employees who lose their jobs.
( 22
min )
Accenture shares dropped to their lowest level since June after its revenue and full-year outlook missed estimates as new bookings declined.
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min )
Shares of Workday sank after the human resources technology provider slashed its revenue outlook because of economic uncertainties.
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min )
Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price.
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Mortgage rates surged to a new high this week, with the average rate on Freddie Mac's 30-year fixed-rate mortgage at 7.31%—the highest since 2000.
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min )
Independent insurance adjusters work for the insurance company but through a third party that specialized in homeowners or other types of insurance claims.
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min )
Out of 578 U.S. counties that ATTOM Data analyzed, housing was affordable in only 21% of them in the third quarter.
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min )
Cost of debt is the effective rate that a company pays on its current debt as part of its capital structure.
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min )
Microsoft hopes to strengthen its position in the AI landscape as partner OpenAI relaunches a ChatGPT update that includes most-recent information and Microsoft's Bing.
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min )
Underwriting income is profit generated by an insurer's underwriting activity. It is the difference between premiums collected and claims paid out.
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min )
A lead underwriter is usually an investment bank that organizes an IPO or a secondary offering for companies that are already publicly traded.
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min )
The transfer of risk is the primary tenet of the insurance business, in which one party pays another to bear the costs of some potential expenses.
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min )
Fronting policy is a risk management technique in which an insurer underwrites a policy to cover a specific risk, but then cedes to a reinsurer.
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min )
Year to date (YTD) refers to the period of time beginning on the first day of the current calendar year or fiscal year and extending up to the current date.
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An aggregate limit is a cap on the maximum amount an insurer will pay in claims to a policyholder over a set period, usually one year.
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Level-Premium Insurance is a term life insurance where the premiums remain the same throughout the duration of the contract.
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min )
If you want to trade stocks or bonds, you’ll need to open an online brokerage account. Learn what you need to open an online brokerage account and how to do it.
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min )
Discover why shareholder rights plans are known as poison pills, why they're used, and learn about their benefits and drawbacks for a company's shareholders.
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min )
A commercial property floater is a rider added to a business insurance policy to protect property that may be used in many different locations.
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min )
Automated Valuation Model (AVM) is a real estate appraisal approach that uses statistical modeling techniques and software to value properties.
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min )
An evening star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It's bearish and the opposite of a morning star.
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min )
The Federal Reserve Board (FRB) is the governing body of the Federal Reserve System, the U.S. central bank in charge of making monetary policy
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min )
Reciprocal insurance exchanges are where individuals and businesses exchange insurance contracts to spread the risk among themselves.
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min )
U.S. equities gained at midday on Thursday, Sept. 28, 2023, after a report showing consumer spending slowed, and oil prices fell.
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An appraised value is a professional assessment of the condition and worth of a piece of property at a specific point in time.
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min )
A CareCredit healthcare credit card can be used by pet parents to help cut the costs of high veterinary care costs.
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min )
Malpractice insurance is professional liability insurance that protects healthcare professionals against patient or client lawsuits.
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min )
CarMax shared dropped after reporting a profit below forecasts as demand for used vehicles slowed and it spent more to cover potential losses from bad loans.
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min )
Micron Technology shares fell in early trading Thursday after the company issued weaker-than-expected guidance for the current quarter, despite beating revenue and profit expectations for the quarter ended August 31.
( 18
min )
Video game retailer GameStop named executive chair and activist investor Ryan Cohen as its president and CEO.
( 17
min )
A government shutdown would disrupt services and damage the economy. It is now just days away, with a compromise looking less likely.
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min )
Learn what steps need to be taken in order to obtain the Financial Risk Manager designation.
( 20
min )
The U.S. dollar was first minted in 1914. Find out what made the U.S. dollar the world's reserve currency.
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min )
Building an effective business launch plan requires careful consideration of several key topics: market research, a business plan, funding, legal aspects, and marketing strategy. This article covers the key things entrepreneurs should know about each of these and more.
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min )
Toyota Motors (TM) global sales in August reached an all-time high, on the back of record output driven by enhanced supply conditions and heightened demand.
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min )
A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured or annuitant dies. Learn about taxation and claiming.
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min )
Frequency-severity method is an actuarial method that determines the expected number of claims (and average costs) that will be received during a given time.
( 19
min )
Explore the impact of real value and nominal value on stock trading. Determine or learn how these values are assigned and what causes them to change.
( 22
min )
Peloton shares jumped after signing a five-year global partnership agreement with Lululemon.
( 17
min )
Mortgage rates climbed again for standard 30-year and 15-year loans, raising both averages to their highest levels in more than 20 years. Most other averages held steady.
( 19
min )
Uninsured motorist (UM) coverage may pay a policyholder's damages after an accident with a driver who does not have insurance or a hit-and-run.
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min )
Underinsured motorist coverage is a type of auto insurance that covers property damage and medical bills from an accident caused by a driver with insufficient insurance.
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min )
Calculating gross domestic product, or GDP, with the expenditure approach is the same as the formula for aggregate demand.
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min )
Bitcoin Pizza Day is the day a Florida man bought two pizzas for 10,000 bitcoins, now worth millions.
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min )
Capitation payments are monthly payments received by a physician, clinic, or hospital per patient enrolled in a health plan with a capitated contract.
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min )
A profile of the most effective ways life insurance agents find leads including company leads, third-party leads, LinkedIn and networking.
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min )
Actuarial science is a discipline that assesses financial risks in the insurance and finance fields, using mathematical and statistical methods.
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min )
De Europese Commissie wil de acht kandidaat-lidstaten meer geld geven zodat ze zich sneller kunnen voorbereiden op het lidmaatschap van de Europese Unie. Ook moeten de landen alvast toegang krijgen tot de interne markt.
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min )
Komend weekend gaat een fabriek open die buitenlands gas geschikt maakt voor Nederlandse huishoudens. De opening valt samen met het einde van de gaswinning in Groningen.
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min )
De rechtbank Oost-Brabant heeft Vacansoleil failliet verklaard, meldt de reisorganisatie. Het bankroet volgt op het uitstel van betaling, dat het bedrijf dinsdag aanvroeg. Volgens Vacansoleil werkt het aan een oplossing voor klanten die nu op vakantie zijn of nog gaan.
( 3
min )
Statiegeldbekers bij McDonald's lijken nog geen groot succes. Sinds juli kunnen klanten bij afhaalmaaltijden kiezen voor een hardere, plastic beker met 1 euro statiegeld. Ondanks het statiegeld wordt maar een kwart van de bekers teruggebracht.
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min )
Netbeheerder Liander ziet dat het elektriciteitsnet op steeds meer plekken vol is. Zo zijn er recent knelpunten ontstaan in Flevoland, Friesland, Gelderland, Noord-Holland en Zuid-Holland. En dat zorgt voor de nodige problemen.
( 3
min )
Nog minder reclame, een maximaal gokbedrag en een zorgplicht voor online kansspelaanbieders. Het zijn een paar voorstellen die de Nationaal Rapporteur Verslavingen (NRV) donderdag doet om de schade van online gokken te beperken en te voorkomen.
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min )
Nog minder reclame, een maximaal gokbedrag en een zorgplicht voor online kansspelaanbieders. Het zijn een paar voorstellen die de Nationaal Rapporteur Verslavingen (NRV) donderdag doet om de schade van online gokken te beperken en te voorkomen.
( 5
min )
De gemeente Amsterdam wil investeren in buurtteams en de afvalinzameling en gaat daarom extra geld vragen aan toeristen. De opslag voor hotelgasten en cruisepassagiers die de stad bezoeken gaat volgend jaar omhoog, blijkt uit de nieuwe gemeentebegroting.
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min )
Vooralsnog komt er geen verkoopverbod voor de Apple iPhone 12 in Nederland. Het toestel geeft in sommige gevallen te veel straling af, maar dat zorgt niet voor directe gezondheidsrisico's. Daarom wacht toezichthouder RDI een aanpassing van Apple af.
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min )
Gemeenten keren zeer uiteenlopende bedragen uit aan financieel kwetsbare mensen. De verschillen kunnen oplopen tot honderden euro's. Volgens de Commissie sociaal minimum is de verhouding tussen gemeenten en de Rijksoverheid problematisch.
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min )
Gemeenten keren zeer uiteenlopende bedragen uit aan financieel kwetsbare mensen. De verschillen kunnen oplopen tot honderden euro's. Volgens de Commissie sociaal minimum is de verhouding tussen gemeenten en de Rijksoverheid problematisch.
( 6
min )
Verzekeraars NN, ASR en Aegon zien hun aandelenkoers weer dalen. Woensdag leden de bedrijven al forse verliezen door een tegenvallende uitspraak in een woekerpoliszaak. Ook op donderdag verkopen beleggers hun aandelen in de verzekeraars.
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min )
Bij een aanval van Chinese hackers op de mailbox van het Amerikaanse ministerie van Buitenlandse Zaken zijn eerder dit jaar 60.000 mails gestolen. Dat zegt een stafmedewerker van de Senaat tegen persbureau Reuters.
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min )
Veel analisten verwachten dat de Europese Centrale Bank (ECB) na de reeks van tien renteverhogingen een pauze inlast. Maar de Nederlandse ECB-directeur Frank Elderson denkt dat de rente in oktober toch verder omhoog kan.
( 3
min )
Door een grote IT-storing viel een aantal Volkswagen-fabrieken in Duitsland vanaf woensdagavond stil. Donderdagochtend kan de productie weer beginnen, meldt het bedrijf.
( 3
min )
Nederlandse consumenten gaven 16,3 miljard euro uit in de eerste helft van dit jaar. Dat is 2 procent meer dan in 2022. Het winkelend publiek geeft digitaal steeds vaker geld uit aan reizen en entertainment. Kleding en beautyproducten zijn minder populair.
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min )
Door een grote IT-storing viel een aantal Volkswagen-fabrieken in Duitsland vanaf woensdagavond stil. Donderdagochtend kan de productie weer beginnen, aldus het bedrijf
( 3
min )
Nederlandse consumenten gaven 16,3 miljard euro uit in de eerste helft van dit jaar. Dat is 2 procent meer dan in 2022. Het winkelend publiek geeft digitaal steeds vaker geld uit aan reizen en entertainment. Kleding en beautyproducten zijn minder populair.
( 3
min )
De ene na de andere winkelketen gaat de laatste tijd failliet. Volgens retailkenners komt dit door de inflatie en doordat de ketens niet weten wat de consument wil. En dat gaat nog meer slachtoffers maken, denken ze.
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min )
What should we make of today’s market conditions? Investors have started digesting how the Federal Reserve’s ‘higher for longer’ interest rate policy will impact the economy, and they’re not pleased with the prospect. Other challenges on the horizon include an increasing probability of a government shutdown as Congress grapples with partisan disagreements over annual budget resolutions, declining consumer confidence as worries mount, and a sharp surge in oil prices on the commodity trading floor
( 35
min )
When Costco lists gold bars for sale online, "they're typically gone within a few hours and we limit two per member," its CFO told investors.
( 32
min )
(Bloomberg) -- Palantir Technologies Inc. has won a $250 million contract with the US Defense Department to research and develop artificial intelligence and machine learning technology.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds on as Oil Tests $94 a Barrel: Markets WrapRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownDimon Warns 7% Fed Rate Still Po
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min )
A valuation at that level would make the company more expensive than Microsoft, Alphabet, and Nvidia by at least one measure.
( 22
min )
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler continued his combative stance against crypto "hucksters" in congressional testimony on Wednesday, declining to answer the industry's most urgent questions while arguing that digital assets companies have been dangerously careless with customer assets.
( 33
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(Bloomberg) -- The two-month selloff in US stocks threatens to intensify as options dealers on Wall Street and fast-money traders both turn against the market. Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlElon Musk Wins US Space Force Contract for StarshieldCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds on as Oil Tests $94 a Barrel: Markets WrapLululemon Strikes Deal With Peloton for Fitness Content, Will Ax Mirror DeviceSuch
( 33
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U.S. crude oil inventories fell by more than 2 million barrels last week, hitting their lowest since 1985. That could have far-reaching implications on oil prices and, by extension, prices at the gas pump.
( 19
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(Bloomberg) -- Micron Technology Inc. fell in late trading after predicting a steeper loss than anticipated in the current quarter, indicating that an industry slump is still weighing on the largest US maker of memory chips.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds on as Oil Tests $94 a Barrel: Markets WrapRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government S
( 33
min )
(Bloomberg) -- Crude tanks at the largest US storage hub and the pricing point for millions of dollars worth of oil contracts are running dry, threatening their ability to operate normally and sending prices for near-term supplies surging.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlElon Musk Wins US Space Force Contract for StarshieldCitadel Is Ready to Fight With SEC Over WhatsApp ProbeLululemon Strikes Deal With Peloton for Fitness Content, Will Ax M
( 32
min )
Shares of Micron Technology fell in after-hours trading. The memory-chip maker posted its fiscal fourth-quarter results today after the close.
The stock was recently down more than 3% in after-hours trading after edging higher in the regular session.
Here's what you need to know, including estimat
( 22
min )
(Bloomberg) -- Exxon Mobil Corp. won’t be able to revive oil platforms off the California coast by relying on trucks to ship crude to refineries on shore.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds on as Oil Tests $94 a Barrel: Markets WrapRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownDimon Warns 7% Fed Rate Still Possible, Times of India SaysThre
( 33
min )
Tight supplies in a critical Oklahoma oil town are pushing prices closer to $100. It's the opposite of what happened when oil prices turned negative in 2020.
( 22
min )
At least WeWork had flashy buildings to flaunt for the billions of dollars ex-CEO Adam Neumann raised. SBF, as he was often called, is a pathological liar, an alleged fraud and market manipulator and also a really horrible ex-boyfriend who’s pinning his entire downfall on his on-and-off girlfriend Caroline Ellison, who headed Alameda Research. It was probably the FTX exchange itself.
( 34
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NextEra Energy subsidiary, NextEra Energy Partners, LP, significantly reduced its distribution growth outlook, blaming Federal Reserve moves to fight inflation, and shares of both plunged.
( 17
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Cleveland-Cliffs shares gained after the steel producer announced that it was raising prices.
( 18
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The losses, which totaled about $106 billion at the end of the second quarter, could have widened by over $10 billion in the current quarter.
( 22
min )
(Bloomberg) -- Greg Lippmann, the trader who was immortalized in Michael Lewis’s book “The Big Short,” sees a soft landing by the Federal Reserve as unlikely and is focusing on investments that would perform well in a tougher economic environment or if rates were to rise further.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlElon Musk Wins US Space Force Contract for StarshieldCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds on as
( 32
min )
Total deposits across U.S. banks fell 4.8%, or $872 billion, year over year. Among the top 15 deposit holders, Charles Schwab reported the largest year-over-year decrease of 31.1%.
( 22
min )
The U.S. isn't alone in struggling with a rising national debt. Nor is it in the worst position among developed countries.
( 22
min )
NEW YORK (Reuters) -Shares of marijuana companies gave back early gains on Wednesday after jumping following a U.S. Senate committee voted to advance a bill that would give legal cannabis-related companies a boost by allowing them to access banking system services. A bipartisan group of senators on the U.S. Senate Banking Committee voted to advance the Secure and Fair Enforcement Regulation Banking Act, also known as the SAFER Banking Act, which aims to protect banks offering financial services to legal marijuana companies.
( 32
min )
TF International Securities analyst Ming-Chi Kuo is widely followed for his checks on supply chains in Asia and the conclusions he draws from them.
( 22
min )
Deutsche Bank analyst Emmanuel Rosner cut his price target on Tesla stock to $285 from $300. The EV maker may face limited volume growth next year, he writes.
( 22
min )
The memory chip company has projected a 41% revenue decline for its latest quarter.
( 22
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Imagine retiring with $7 million in your 401(k) or IRA. What kind of lifestyle might that size nest egg support? Picture owning a luxurious home in a high-end neighborhood, driving top-notch vehicles, regularly vacationing in exotic locations and availing best-in-class healthcare without worrying about rising costs. When planning a $7 million retirement it's important to […] The post What a Retirement Lifestyle With $7 Million Looks Like appeared first on SmartReads by SmartAsset.
( 34
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OpenAI, the developer of ChatGPT, is in talks over a share sale that would value it between $80 billion and $90 billion, The Wall Street Journal reported.
( 22
min )
U.S. crude oil futures extended their three-month-long rally, bringing them to their highest level of the year.
Futures were trading at $92.27 a barrel, up about 2% from yesterday's close and more than 30% since June. The jump extended a run-up in prices that began in early July, after production c
( 23
min )
Higher interest rates, which were supposed to be a savior for the sector, have instead led to many problems.
( 22
min )
Is stability in cryptos despite a selloff in stocks just another sign that Bitcoin is boring, or a harbinger of declines for digital assets?
( 21
min )
Retailer Costco delivered an earnings beat, but investors seem disappointed it didn't raise membership fees. Wall Street analysts are upbeat, though.
( 22
min )
Ford Motor's decision to hit the brakes on a planned $3.5 billion battery plant in Michigan highlights a challenge for Tesla's growing crowd of rivals in the U.S. market: Tesla is pushing most of them into unprofitable, low-volume niches. Global automakers are launching scores of new electric vehicles in the United States, and pouring billions of dollars into new EV and battery plants. On a brand-by-brand basis, Tesla outsold its next 19 competitors by 10 to one or more during the first half, according to S&P Global Mobility data.
( 33
min )
(Bloomberg) -- On picket lines around the country, auto workers aren’t just demanding higher wages. They want to get back their once-sacred retirement pensions. Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesTrump Found Liable for Fraud in New
( 35
min )
Amgen has a couple of shots on goal to break into one of the biggest markets the pharmaceutical industry has ever seen.
( 27
min )
Costco stock falls after the warehouse retailer didn't increase membership fees, MillerKnoll surges after raising its fiscal 2024 profit outlook, and Micron is scheduled to report earnings Wednesday.
( 22
min )
As the UAW makes progress negotiating with Ford, experts wonder whether the talks are starting to focus on what really needs to get done.
( 37
min )
The market has finally heard Fed Chairman Jerome Powell’s warning: Reducing inflation to 2% is hard, and more interest-rate hikes might be needed.
( 22
min )
The U.S. is expected to indefinitely extend a waiver granted to South Korean chipmakers Samsung Electronics and SK Hynix on needing licenses to bring U.S. chip equipment into China, Yonhap news agency reported on Wednesday. The U.S. Commerce Department has discussed details with the South Korean chipmakers on which equipment could be used in China, said Yonhap, citing unnamed sources, adding that the U.S. would make related announcements as early as this week. Last year, the chipmakers had received authorisation from the U.S. Commerce Department to supply equipment needed for chip production in China for a year without seeking additional licenses.
( 32
min )
(Bloomberg) -- Assets with exposure to China look “ridiculously cheap” and Alberta’s investment manager plans to boost holdings in Asia to take advantage of it, its chief executive officer says. Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesStocks Sink as Bears Take Charge, Dollar Rallies: Markets WrapTru
( 32
min )
(Bloomberg) -- China’s suddenly full of gold bugs. Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesStocks Sink as Bears Take Charge, Dollar Rallies: Markets WrapTrump Found Liable for Fraud in New York Attorney General’s CaseThe market for bullion in China has surged this month, at times commanding a record
( 33
min )
A ceding commission is a fee paid by a reinsurance company to the ceding company to cover administrative costs and acquisition expenses.
( 18
min )
The Accounting Principles Board, now defunct, was a precursor to the Financial Accounting Standards Board (FASB).
( 19
min )
Economic conditions following World War I intensified antagonisms between nations prior to the outbreak of World War II.
( 23
min )
Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 19
min )
CVS shares fell after pharmacists in Kansas City, Mo. indicated they would walk off the job for a second time in a week to protest working conditions.
( 17
min )
In part two of a five-part series, student loan borrowers are adjusting their budgets as they look ahead to Oct. 1.
( 23
min )
Joint tenants in common means that ownership of an asset or property by at least two people carries no rights of survivorship.
( 19
min )
Recession predictions are big business these days, with economists debating whether the Federal Reserve’s campaign of anti-inflation interest rate hikes will tap the brakes too much and bring the economy into a recession.
( 17
min )
The S&P 500 was little changed, adding 0.02% on Wednesday, Sept. 27, 2023, and oil industry stocks gained as oil prices surged amid supply concerns.
( 16
min )
U.S. crude oil inventories fell by more than 2 million barrels last week, hitting their lowest since 1985. That could have far-reaching implications on oil prices and, by extension, prices at the gas pump.
( 17
min )
The top national rate for a high-yield savings account keeps rising, setting record after record. Another jump this week has pushed the top rate even further above 5%.
( 19
min )
The virtual and augmented reality headset will directly compete with Apple's higher-priced offering and the two are set to further compete in the AR/VR hardware space.
( 17
min )
Whether you’re the buyer or seller, here’s what you need to know about transferring a car title.
( 19
min )
NextEra Energy subsidiary, NextEra Energy Partners, LP, significantly reduced its distribution growth outlook, blaming Federal Reserve moves to fight inflation, and shares of both plunged.
( 17
min )
Botnet mining is the illicit practice of using hijacked processing power from other people's internet-connected devices to mine cryptocurrency.
( 21
min )
The Federal Reserve may have to raise its key interest rate higher than previously expected, a Fed official and economists at a major financial company said Wednesday.
( 18
min )
Healthcare is expensive, but those without healthcare coverage put themselves at risk.
( 21
min )
Cleveland-Cliffs shares gained after the steel producer announced that it was raising prices.
( 17
min )
A new survey from Debt.com shows two-thirds of Americans reported outstanding medical debt, while another third said their medical debt was in collection and that medical costs had kept them from making medical appointments
( 18
min )
The Defense Production Act (DPA) gives the president the power to order the production and supply of goods and services to support national defense.
( 25
min )
Variable universal life (VUL) insurance is a permanent life insurance policy with a savings component in which cash value can be invested.
( 25
min )
The foreclosure crisis was a period of drastically elevated property seizures in the U.S. housing market between 2007 and 2010.
( 20
min )
A Federal Housing Administration (FHA) loan is a mortgage that is insured by the FHA and issued by a bank or other approved lender.
( 35
min )
Return on equity (ROE) vs. return on capital (ROC) are two distinctly different formulas, as one includes only combined profit while the other considers debt.
( 21
min )
A credit crisis is a breakdown of a financial system caused by a severe disruption of the normal process of cash movement that underpins any economy.
( 20
min )
Homebuilder ETFs have outperformed this year thanks to demand for newly-built homes, but they may have reached an inflection point, giving back some gains in recent weeks amid rising mortgage rates and a pullback in construction.
( 18
min )
As companies around the world face mounting pressure to deliver on environmental, social and governance goals, 75% of firms surveyed by KPMG say they aren't ready for ESG-related assessments.
( 19
min )
Hubbert’s peak theory predicts the rise, peak, and decline of global oil production.
( 21
min )
U.S. equities were lower at midday on Wednesday, Sept. 27, 2023 as oil prices jumped and the deadline for a possible government shutdown neared.
( 16
min )
Costco shares rose after beating earnings expectations for its fiscal fourth quarter as the wholesaler benefitted from rising memberships, but felt the impact of lower discretionary sales and purchase volumes amid a spending slowdown.
( 18
min )
Shares of major media companies edged higher Wednesday morning after the Writers Guild of America ended a five-month writers strike.
( 17
min )
MillerKnoll shares surged after the furniture maker posted better-than-expected results and boosted its guidance as it benefits from employees returning to offices following the work-from-home boom.
( 17
min )
Rates for 15-year, FHA 30-year, and jumbo 30-year mortgages are at their highest levels in more than 20 years, and the 30-year flagship average is sitting just under its peak.
( 19
min )
The Veil of Ignorance is a powerful thought experiment that allows us to test ideas for fairness.
( 25
min )
Commodities and securities are subject to different types of regulations, and there is an ongoing debate about how to classify cryptocurrencies.
( 23
min )
Liar's Poker is a game, associated with Wall Street traders, of betting on which digits appear in serial numbers on currency. It's also the name of a bestselling book.
( 22
min )
Learn how the price elasticity of demand is more sensitive for some types of consumer goods than others, and see what factors most influence elasticity.
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min )
This index is a widely used and respected barometer of the U.S. housing market and the broader economy.
( 23
min )
Index rebalancing involves changing the weights of index components to maintain its mandate or goal. This could include adding or dropping component assets.
( 25
min )
Learn about the origins of the law of supply and demand, an important economic principle that's centuries old but still affects today's economy.
( 23
min )
Some retailers are closing stores or shifting guidance as organized retail crime is a growing concern for brands like Target, Dick's Sporting Goods and Walmart.
( 18
min )
Despite being followed so relentlessly, the consumer price index (CPI) has its limitations and is an imperfect measure of inflation and the cost of living.
( 24
min )
Learn more about the impact of supply and demand in an economy. Find out why companies study supply and demand as part of market research.
( 22
min )
Associate in Premium Auditing (APA) is a professional designation for accountants specializing in auditing and other duties for insurance companies.
( 22
min )
Make sure you know the difference between a change in market outlook and a short-term recovery.
( 22
min )
The Robin Hood effect refers to an economic occurrence in which the less well-off gain at the expense of the better-off.
( 22
min )
Rate on line is the ratio of premium paid to loss recoverable in a reinsurance contract. Rate on line represents how much an insurer has to pay to obtain reinsurance coverage, with a higher ROL indicating that the insurer has to pay more for coverage.
( 18
min )
Happiness economics is the formal study of the relationship between individual satisfaction and economic factors such as employment and income.
( 21
min )
Van alle EU-landen importeert Nederland de meeste producten met een risico op ontbossing uit landen buiten de Europese Unie. Het gaat om producten als soja, hout en palmolie, goederen die binnenkort niet meer welkom zijn in de EU.
( 4
min )
Binnenkort kun je op WhatsApp, Instagram en Facebook Messenger praten met chatbot Meta AI. Dit is het alternatief van Facebook-moederbedrijf Meta voor de populaire AI-chatbot ChatGPT.
( 6
min )
De fabriek Chemours in Dordrecht is aansprakelijk voor jarenlange pfas-vervuiling, oordeelde de rechter woensdag. Het gaat waarschijnlijk om miljoenen aan schadevergoeding. Wel moeten omliggende gemeenten nog lang wachten voor de fabriek dat geld uitkeert.
( 6
min )
Vacansoleil zoekt contact met honderden vakantiegangers die in Europa op de camping zitten of voor komende week een boeking hadden gedaan. De reisorganisatie vroeg dinsdag uitstel van betaling aan en probeert reizigers te informeren over de gevolgen voor hun vakantie.
( 4
min )
Chemours is aansprakelijk voor de pfas-vervuiling die de chemische fabriek in Dordrecht van 1984 tot 1998 in de omgeving heeft veroorzaakt. Het zou kunnen dat de aansprakelijkheid wordt uitgebreid, maar daar moet de rechter zich nog over buigen.
( 6
min )
Jongeren onder de zestien jaar mogen voortaan niet meer aan de slag als flitsbezorger. Dat schrijft demissionair minister Karien van Gennip (Sociale Zaken en Werkgelegenheid) woensdag in een brief aan de Tweede Kamer. Het verbod gaat volgende maand in.
( 4
min )
De persoonsgegevens van zo'n 195.000 klanten van ov-bedrijf Arriva zijn mogelijk uitgelekt. Het datalek zat in het contactformulier op de website van de vervoerder. De kans bestaat dat onbevoegden toegang hebben gekregen tot de gegevens van alle mensen die het contactformulier hebben ingevuld.
( 3
min )
Philips heeft 3.700 klachten over apneu- en beademingsapparaten verzwegen aan de Amerikaanse toezichthouder, blijkt uit dataonderzoek van NRC. Ook gaf Philips niet door dat elf gebruikers van de apparatuur zijn overleden.
( 4
min )
De handel in aandelen NN, het voormalige Nationale-Nederlanden, is voor korte tijd stilgelegd. Het aandeel ging woensdag op de Amsterdamse beurs flink onderuit door een kritische uitspraak van de rechter over woekerpolissen.
( 4
min )
Carrefour en E.Leclerc gaan tot het einde van het jaar brandstof tegen kostprijs verkopen bij hun tankstations. Dit doen de twee grootste Franse supermarktketens na overleg met de Franse regering om Fransen met een smalle beurs te helpen.
( 3
min )
Een meerderheid van de Tweede Kamer wil de huidige korting op brandstof in stand houden. Dat kost zo'n 1,2 miljard euro. De VVD wil geld uit het Nationaal Groeifonds gebruiken om automobilisten tegemoet te komen. Economen zetten daar vraagtekens bij.
( 5
min )
De Amerikaanse toezichthouder FTC vindt dat techreus Amazon monopoliegedrag vertoont. Daarom slepen de kartelwaakhond en zeventien staten het bedrijf voor de rechter.
( 3
min )
Is Chemours aansprakelijk voor de pfas-vervuiling in de omgeving? Op die vraag geeft de rechter vandaag antwoord. De zaak is aangespannen door vier gemeenten die rond de chemische fabriek liggen.
( 4
min )
Veel Amerikaanse overheidsdiensten dreigen over enkele dagen te moeten sluiten omdat er geen akkoord is over een nieuwe rijksbegroting. Om deze zogeheten shutdown te voorkomen moet de politiek nog deze week overeenstemming bereiken, maar dat gaat moeizaam.
( 4
min )
De NS moet de omstreden spitsheffing opnieuw overwegen en met alternatieven komen. Demissionair staatssecretaris Vivianne Heijnen (Infrastructuur) zet de deur wel op een kier voor de mogelijkheid om voor verschillende tijdstippen uiteenlopende prijzen te hanteren. De Kamer is er niet gerust op.
( 4
min )
De Amerikaanse toezichthouder FTC vindt dat techreus Amazon schuldig is aan monopoliegedrag. Die sleept daarom het bedrijf voor de rechter, samen met zeventien staten.
( 4
min )
Werknemers krijgen geen wettelijk recht op thuiswerken. De wet Werken waar je wilt werd dinsdag door de Eerste Kamer verworpen. Op ons discussieplatform NUjij was daarover veel discussie. Daarom is vandaag de stelling: 'Als ik thuiswerk ben ik productiever dan op kantoor.'
( 2
min )
Probable Maximum Loss (PML) is the maximum loss that an insurer would be expected to incur on a policy. It's a standard calculation in underwriting.
( 21
min )
The savings account at Apple Bank offers competitive rates, but are they competitive enough? We reviewed Apple Bank so you can decide if the bank is right for you.
( 21
min )
Bask Bank offers an attractive pair of savings accounts: One is a typical high-yield savings account, but the other earns American Airlines AAdvantage miles. See if Bask Bank makes sense for your money.
( 22
min )
Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 19
min )
Capital One savings account interest rates are higher than average, and the bank doesn’t charge monthly maintenance fees or have a minimum deposit requirement.
( 26
min )
Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.
( 21
min )
The utility function can be used to derive the demand function, and both of these concepts relate to utility maximization.
( 20
min )
At sight is a form of payment due on demand when presented with required documentation.
( 22
min )
Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.
( 22
min )
The list of the 500 companies that make up the S&P 500 is called its constituent list and includes many well-known names.
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min )
A commodity index is an investment vehicle that tracks a basket of commodities to measure their price and investment return performance.
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min )
The key rate is a benchmark interest rate that determines bank lending rates and the cost of credit for borrowers.
( 19
min )
Shoppers squeezed by inflation and high interest rates on car loans are snapping up new, cheaper vehicles and leaving pricier ones on dealer lots.
( 18
min )
U.S. equities plunged and the S&P 500 Index dropped 1.5% on Tuesday, Sept. 26, 2023 after consumer confidence and new home sales figures came in lower than anticipated.
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min )
E*TRADE savings account interest rates can't compete with the best, but high-net-worth individuals can benefit from its higher FDIC insurance coverage.
( 20
min )
Reintermediation has two meanings: money flowing back into bank deposits or the reintroduction of a middleman between a supplier and a customer.
( 18
min )
Through Lending Club’s high-yield savings accounts, you can earn a higher-than-average APY with no monthly service fees. All you need to get started is $100.
( 21
min )
United Natural Foods posted a loss for the fourth fiscal quarter of 2023, and its full-year guidance was well short of estimates.
( 17
min )
Marcus by Goldman Sachs only offers a few account types, but what it does offer, it does well. Learn how you can benefit from its online high-yield savings account.
( 22
min )
"It's not what you know, but who you know," might be true. Here's a look at why connections are critical in business and job searches and how to establish them.
( 23
min )
Immunovant shares virtually doubled in value after the biopharmaceutical company reported positive results from a Phase 1 trial of its experimental autoimmune disease treatment.
( 16
min )
An aggregate mortality table is a tool that helps actuaries and other insurance professionals gather key data regarding death rates.
( 22
min )
A public company's ownership is distributed among general public shareholders through publicly-traded stock shares. It must undergo a process known as an IPO.
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min )
The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. Discover the current debt ceiling and its economic impact.
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min )
A mutual insurance company is owned by policyholders. Its sole purpose is to provide insurance coverage for its members and policyholders.
( 19
min )
Women’s out-of-pocket healthcare collectively costs $15.4 billion more a year than men’s, a Deloitte report said.
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min )
Implied authority refers to an agent with the jurisdiction to perform acts which are reasonably necessary to accomplish the purpose of an organization.
( 19
min )
State Farm is more than just an insurance company. It offers banking services and competitive interest rates for its savings account.
( 21
min )
You can earn a higher-than-average APY with a TD Bank savings account. But TD Bank only offers the highest interest rates on accounts with high balances.
( 21
min )
The Community Development Financial Institutions (CDFI) Fund promotes economic revitalization in distressed communities with financial assistance.
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min )
AA+ is the second-highest bond rating assigned by rating agency S&P while Aa1 is the equivalent from Moody's. Both signify a low-risk investment.
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min )
A type of personal liability coverage, an umbrella insurance policy handles claims that exceed what your homeowners or auto insurance will cover.
( 20
min )
The PC monitor market continued to struggle in the second quarter, but showed some signs a recovery could be near, according to tech research firm International Data Corporation.
( 17
min )
Consumer confidence dropped in September as high gas prices and high interest rates made people more pessimistic about the trajectory of the economy.
( 18
min )
Wells Fargo offers two types of savings accounts, but the rates are low unless you carry a large balance.
( 22
min )
A savings account is an essential part of your financial toolbox. Learn about Ally Bank savings accounts and their rates and decide if they are a fit for you.
( 21
min )
U.S. equities sank at midday on Tuesday, Sept. 26, 2023, after reports on consumer sentiment and new home sales fell short of expectations.
( 16
min )
After hitting a new 22-year high last week, 30-year mortgage rates are sitting lower. Most averages were relatively flat, though the 15-year average rose to a new peak.
( 19
min )
Shares of Fisker jumped after the electric vehicle maker announced it was ramping up deliveries, and will likely exceed its guidance for 2023.
( 17
min )
In part one of a five-part series, student loan borrowers navigate the new repayment plans as they look ahead to Oct. 1.
( 20
min )
If you want to learn how to pay off a personal loan faster with a calculator, there are a few ways to use it to find out what works best for you.
( 22
min )
Personal loan rates dipped to 20.92% this week, losing 9 basis points since last week when the average personal loan rate stood at 21.01%.
( 18
min )
Amid heightened political scrutiny and a strike by the United Auto Workers union, Ford said it will put on hold its $3.5 billion electric vehicle battery plant in Michigan.
( 17
min )
Ahead of the first oral arguments on Oct. 2, here are cases the Supreme Court will hear this year affecting taxes, the power of federal regulators, and other issues potentially affecting your finances.
( 21
min )
A basing point pricing system requires buyers to pay a base price, plus a set shipping fee depending on their distance from a specific location.
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min )
Learn what you need to do to turn your property into a rental property.
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min )
The add to cash value option is a life insurance feature that allows dividends to be reinvested into the policy's cash value.
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min )
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Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 21
min )
Investors appear skeptical that the transaction will go through along the lines John Malone's investment company has proposed.
( 22
min )
Stocks have suffered a rough September, with the S&P 500 dropping from 4,516 at the month's start to 4,275. Look out below?
( 34
min )
"The documents here clearly contain fraudulent valuations that defendants used in business," Judge Engoron wrote in his ruling, ordering Trump's New York business certificates canceled.
( 32
min )
Drugmaker Eli Lilly convinced a federal judge in Massachusetts on Tuesday to overturn a $176.5 million jury verdict for Teva Pharmaceutical that found Lilly's migraine drug Emgality infringed three patents related to Teva's rival drug Ajovy. U.S. District Judge Allison Burroughs said in a post-trial ruling that the Teva patents covering the use of antibodies to inhibit headache-causing peptides were invalid. "The Court does not reach this decision nor overturn a jury verdict lightly," Burroughs said.
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min )
All energy comes with a cost. Fossil fuels, the world’s mainstay, have a high pollution footprint and a dangerous environmental impact, while solar and wind power, frequently touted as options in lieu of hydrocarbons, have extremely low energy densities, intermittent energy production, and a high dollar-cost for installation. This has engineers seeking out alternatives to both, and hydrogen fuel is frequently touted as just such an alternative. Hydrogen solves the problems inherent in fossil fue
( 35
min )
Shares of retailer Costco Wholesale fell after the company reported earnings following Tuesday's market close.
The shares dipped around 1.3% in after hours trading after falling 1% in the regular session. Here's Costco's fiscal fourth-quarter results compared to Wall Street expectations, according
( 23
min )
(Bloomberg) -- Tesla Inc. Chief Executive Officer Elon Musk blasted the United Auto Workers Tuesday, saying the union’s demands would “drive GM, Ford and Chrysler bankrupt in the fast lane.” Most Read from BloombergRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownDimon Warns 7% Fed Rate Still Possible, Times of India SaysIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesApple’s $59 Fake-Suede iPhone Case Is Its Biggest Dud of 2023FCC Aims
( 33
min )
Higher interest rates, which were supposed to be a savior for the sector, have instead led to many problems.
( 22
min )
Despite heavy investments in security, the company continued to face "fundamental challenges" to running the stores safely, the retailer said. It operates nearly 2,000 stores across the United States. "We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance," Target said in a statement.
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Investors appear skeptical that the transaction will go through along the lines John Malone's investment company has proposed.
( 22
min )
In response to rising gasoline price concerns, Tai Milder, the director of California's Division of Petroleum Market Oversight (DPMO), has sent a four-page letter to Governor Gavin Newsom and legislative leaders in Sacramento. Milder's division reviewed recent data, revealing that some refineries failed to maintain adequate gasoline levels or import enough fuel to compensate for production shortfalls during the summer. These supply disruptions have contributed to the surge in prices and planned
( 32
min )
The S&P 500 could tank 20%, a wave of loan defaults could hit banks and commercial real estate, and a recession could set in next year, Byron Wien says.
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min )
The reduction comes as the Clayton giant confronts "headwinds" from two federal government programs.
( 22
min )
The Covid trade is out.
Investors have piled into bets against Novavax, the struggling vaccine developer that was late to market with i
( 23
min )
With the S&P 500 up so much this year, investors might expect a stretch of continued gains. But that is far from a sure thing.
( 22
min )
Legendary investor Warren Buffett doesn't easily fall for trends or fads. That's why Wall Street took notice when the legendary investor started pouring billions into Apple Inc. His firm, Berkshire Hathaway Inc., first acquired Apple stock in 2016. Since then, that investment has ballooned to $110 billion, constituting nearly 40% of the firm's equity portfolio. Ready to supercharge your investment game? Discover exclusive opportunities in the world of startups that you won’t find anywhere else!
( 33
min )
Truist's William Stein reaffirmed his Buy ratings for Nvidia and Monolithic Power Systems and his price targets for both stocks.
( 22
min )
Caterpillar, one of the largest employers in Sanford, paid $21 million to buy a shuttered factory. Is an expansion next?
( 19
min )
Credit cards and mobile apps won’t pay for much in a power outage.
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min )
Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha
( 32
min )
Mercedes Wedaa, a former housekeeper for Amazon.com Inc. Founder Jeff Bezos, filed a lawsuit against him and two companies responsible for managing his properties. The lawsuit, filed in November 2022 in Seattle, claims that she and other employees worked in unsafe and unsanitary conditions for extended 14-hour shifts without breaks. According to Wedaa, she was hired in 2019 with the requirement that she "work around a family without being seen." Trending: Until 2016 it was illegal for retail inv
( 34
min )
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Amid heightened political scrutiny and a strike by the United Auto Workers union, Ford said it will put on hold its $3.5 billion electric vehicle battery plant in Michigan.
( 19
min )
Shares of Sirius XM fell after its majority proposed combining the company with the group of tracking stocks that holds Liberty's existing stake in the satellite-radio operation.
Sirius stock fell about 10% in early trading. Liberty's Class A tracking stock was up about 8%.
( 22
min )
In the world of stock markets, a well-known adage prevails: insiders may sell shares of their own companies for a myriad of reasons, but their decision to buy stock typically hinges on one belief – they believe the shares are set to rise. By insiders, we mean the corporate officers that sit on company boards and are the in-the-know types with access to the sort of information not available to the casual investor. By law, they are required to make their purchases public, thereby keeping the playi
( 35
min )
The company pivoted to a loss in its fourth fiscal quarter, and management warned of continued challenges next year.
( 22
min )
Fisker has made 5,000 all-electric Ocean SUVs so far this year. The electric-vehicle maker is on target to hit its guidance for the year.
( 22
min )
Liberty Media owns a roughly 83% stake in Sirius XM, whose holdings span satellite radio, podcasts and the Pandora audio-streaming service.
( 22
min )
J.P. Morgan analyst Joseph Greff upgraded shares of DraftKings to Overweight from Neutral.
( 22
min )
Do you have enough money to retire? There are many different ways to look at this, but the most common is to break it down simply: money in vs. money out. How much income can you generate from your retirement planning, and how much will you need to spend? Here, say that you have $1 […] The post I Have $1 Million in a 401(k) and Will Receive $2,500 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.
( 35
min )
The company pivoted to a loss in its fourth fiscal quarter, and management warned of continued challenges next year.
( 22
min )
(Bloomberg) -- With odds of a hard landing rising just as inflation is set to re-accelerate, this is the time for investors to offload their expensive growth shares in favor of value stocks, says Rob Arnott, founder of smart-beta pioneer Research Affiliates. Most Read from BloombergDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownC
( 32
min )
The JPMorgan CEO spelled out what he sees as the worst-case scenario for the U.S. economy, and warned that not everyone would be able to withstand it.
( 33
min )
↘️ Chip stocks including Nvidia (NVDA), ASML (ASML) and Micron (MU) traded down ahead of the opening bell, amid broader weakness in shares of big
( 22
min )
A recent C$4.6 billion capital raise by Enbridge and a raft of new U.S. deals have spurred optimism for a revival in Canadian equity capital markets (ECM) issuance, bankers and lawyers said. Enbridge's jumbo equity sale to finance a portion of its acquisition of three utilities from Dominion Energy propelled Canadian ECM issuance to a two-year high of C$6.7 billion ($5 billion) in the third quarter of this year, according to data from Refinitiv. "I think there is evidence out there that for the right transaction for the right reasons, investors will show up," said François Carrier, co-head of Desjardins Capital Markets.
( 33
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Pressuring equities, the benchmark two- and 10-year Treasury yields have scaled multi-year highs after the Fed's hawkish longer-term rate outlook, a stance also projected by other major central banks. Minneapolis Fed President Neel Kashkari on Monday noted the need for raising borrowing costs to tame inflation in light of a surprisingly resilient economy, while Chicago Fed chief Austan Goolsbee in a CNBC interview said inflation above 2% target remains a greater risk than the scope of a slowing economy.
( 31
min )
Rivian Automotive could beat consensus for its third-quarter deliveries, according to Baird. Tesla faces a tougher challenge, but there are still reasons for optimism.
( 22
min )
(Bloomberg) -- Alibaba Group Holding Ltd. said it will spin off Cainiao Smart Logistics Network Ltd., the logistics arm of its e-commerce empire, through an initial public offering in Hong Kong. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallBonds Sink, S&P 500 Snaps Four-Day Losing Streak:
( 32
min )
JPMorgan Chase made millions by keeping Jeffrey Epstein as a banking client. Now it faces a reckoning in federal court.
( 37
min )
The debacle at China Evergrande Group is heating up some of the nation's social media platforms with discussions about its fate. Some argued the penny stock is worth a punt before another bid to beat the drop. Others said bankruptcy may be inevitable. The drama took another turn for the worse when the developer's major onshore unit, Hengda Real Estate Group, failed to repay a 4 billion yuan (US$547 million) note on Monday, an obligation among US$327 billion of liabilities choking the homebuilder
( 34
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(Bloomberg) -- Among the sticking points highlighted by United Auto Workers on strike are the billions of dollars Detroit’s legacy carmakers have plunged into stock repurchases.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapNow, a
( 34
min )
Ford is pausing a $3.5 billion electric-vehicle battery plant, Thor Industries' fiscal 2024 outlook disappoints, and Costco is scheduled to report earnings Tuesday.
( 22
min )
(Bloomberg) -- Shares in Asia slid while Treasury yields and the dollar rose in a sign investors are yet to fully recalibrate interest rate expectations.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesCostco Offers Members $29 Online Health Care VisitsBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapIndia-Canada Clash Should Be a Wake-Up CallDimon Warns World May Not Be Ready for Fed at 7%, TOI SaysEquity benchmarks for Japan, Au
( 34
min )
One year ago today, the British pound appeared headed for the once-unthinkable: parity with the U.S. dollar.
Sterling dropped to $1.035—its lowest level ever
( 22
min )
(Bloomberg) -- Investors are souring on the technology-heavy Nasdaq 100 Index, building short positions in the futures market, according to Citigroup Inc. strategists. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapPositioning in
( 32
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Asian shares mostly sank Tuesday over worries about a possible U.S. government shutdown and the troubled Chinese economy. Japan's benchmark Nikkei 225 index slipped 1.0% in afternoon trading to 32,357.25. Hong Kong's Hang Seng shed 0.9% to 17,576.83, while the Shanghai Composite fell 0.2% to 3,109.69.
( 34
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(Bloomberg) -- Prices in China are recovering, according to an independent survey, providing more evidence that the worst may be over for the world’s second-biggest economy and easing fears of a Japan-style deflation for now.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesDimon Warns World May Not Be Ready for Fed at 7%, TOI SaysCostco Offers Members $29 Online Health Care VisitsBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapIn
( 31
min )
(Bloomberg) -- The world may not be prepared for a worst-case scenario of Federal Reserve benchmark interest rates hitting 7% along with stagflation, JPMorgan Chase & Co. CEO Jamie Dimon said in an interview with the Times of India in Mumbai. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesCostco Offers Members $29 Online Health Care VisitsBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapIndia-Canada Clash Should Be a Wake-Up Cal
( 33
min )
The Detroit automaker is changing its strategy after China EV sales suffered from marketing and sales missteps.
( 29
min )
For families who don’t need to borrow, higher rates might not affect daily life. But for those who do, higher rates are really starting to hurt.
( 22
min )
A worker shortage and high energy prices in the country pose challenges for the U.S. company’s planned semiconductor factory.
( 28
min )
(Bloomberg) -- Private equity firms have been increasingly adding another layer of debt to their complex borrowing arrangements, raising concern among some investors about potential risks to the wider industry and the financial system.Most Read from BloombergDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallBonds Sink
( 35
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After a volatile end to the summer, can investors look forward to a gentler autumn? There is some reason to hope so, according to Sharmin Mossavar-Rahmani, chief investment officer of wealth management at Goldman Sachs. This year, as the S&P 500 rebounded from the 19% loss it sustained in 2022, Mossavar-Rahmani has seen her bullish position vindicated, and she believes recent earnings trends and the receding probability of a recession promise further gains to come. In an interview with Barron’s,
( 36
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De NS moet de omstreden spitsheffing opnieuw overwegen en met alternatieven komen. Wat betreft het hanteren van verschillende prijzen op verschillende tijdstippen laat demissionair staatssecretaris Vivianne Heijnen (Infrastructuur) de deur wel op een kier staan. De Kamer is er niet gerust op.
( 4
min )
JPMorgan Chase heeft in een rechtszaak over oud-klant Jeffrey Epstein een schikking van 75 miljoen dollar getroffen met de Amerikaanse Maagdeneilanden. De eilandengroep had de zaak aangespannen omdat de bank jarenlang zorgelijke signalen over de steenrijke zedendelinquent negeerde.
( 3
min )
Een ruime meerderheid in de Tweede Kamer is tegen de invoering van een spitsheffing door de NS. Het openbaar vervoer in Nederland is al duur genoeg, zeggen verschillende partijen dinsdag tijdens een debat over de zogenoemde hoofdrailnetconcessie.
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Werknemers krijgen geen wettelijk recht om thuis te werken. Een meerderheid in de Eerste Kamer heeft de Wet werken waar je wilt dinsdag verworpen. In de praktijk verandert er weinig, aangezien veel bedrijven al afspraken maken met werknemers.
( 5
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Werknemers krijgen geen wettelijk recht om thuis te werken. Een meerderheid in de Eerste Kamer heeft de Wet werken waar je wilt dinsdag verworpen. In de praktijk verandert er weinig aangezien er bij veel bedrijven al afspraken worden gemaakt met werknemers.
( 5
min )
Wie in een sociale huurwoning zit, betaalt volgend jaar mogelijk bijna 6 procent meer huur. Dat meldt demissionair minister voor Volkshuisvesting Hugo de Jonge dinsdag. In de vrije sector mogen de huren maximaal zo'n 5 procent worden verhoogd.
( 3
min )
De zorgverzekering van DSW wordt volgend jaar 11,50 euro per maand duurder. Andere zorgverzekeraars volgen waarschijnlijk met een flinke premiestijging. Vergrijzing, technologische mogelijkheden en loonstijgingen zorgen ervoor dat de zorgpremie ook de komende jaren blijft stijgen.
( 5
min )
Spaarders bij ABN AMRO krijgen vanaf 15 oktober 1,5 procent rente op hun spaargeld. Het gaat hierbij om vrij opneembaar tegoed. Dat heeft de bank dinsdag bekendgemaakt.
( 3
min )
Italiaanse boeren kiezen er steeds vaker voor om mango's, bananen en avocado's te verbouwen. Door klimaatverandering is de temperatuur in Italië steeds geschikter voor de tropische vruchten, al komen er ook risico's bij kijken.
( 3
min )
Wetenschappers keken er al zeven jaar naar uit en zondag was het zover. Ruimtevaartuig OSIRIS-REx leverde zijn pakketje met ongeveer 250 gram aan stof en gruis van ruimterots Bennu op aarde af. Waarom zoveel moeite voor zo'n klein beetje materiaal?
( 4
min )
Wetenschappers keken er al zeven jaar naar uit en zondag was het zover. Ruimtevaartuig OSIRIS-REx leverde zijn pakketje met ongeveer 250 gram aan stof en gruis van ruimterots Bennu op aarde af. Waarom zoveel moeite voor zo'n klein beetje materiaal?
( 4
min )
Werknemers krijgen geen wettelijk recht om thuis te werken. Een meerderheid in de Eerste Kamer heeft de Wet werken waar je wilt dinsdag verworpen.
( 4
min )
Reisorganisatie Vacansoleil heeft dinsdag uitstel van betaling aangevraagd bij de rechtbank Oost-Brabant. Het bedrijf, dat campingvakanties regelt, gaat gebukt onder hoge schulden die het niet meer kan terugbetalen.
( 3
min )
De rechtbank in Amsterdam heeft Big Bazar failliet verklaard, meldt de rechtbank dinsdag. De koopjesketen kampte met geldproblemen en kreeg steeds meer klachten over onbetaalde rekeningen.
( 4
min )
Luchthaven Schiphol heeft weer een natuurvergunning gekregen waardoor stikstof mag worden uitgestoten. Volgens demissionair stikstofminister Christianne van der Wal heeft Schiphol genoeg stikstofmaatregelen getroffen.
( 3
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Het doek is definitief gevallen voor koopjesketen Big Bazar. De rechtbank in Amsterdam heeft dinsdagochtend het faillissement uitgesproken.
( 2
min )
Kredietverzekeraar Atradius verwacht dat dit en volgend jaar veel bedrijven failliet zullen gaan. Mogelijk gaan in 2023 maar liefst 52 procent meer ondernemingen op de fles. Bedrijven worstelen met de dure energie, de hoge rente en de coronaschuld die ze moeten afbetalen.
( 4
min )
Stockfotowebsite Getty Images komt met een AI-hulpmiddel waarmee gebruikers zelf foto's kunnen genereren. De kunstmatige intelligentie achter het programma is getraind met rechtenvrije foto's uit de Getty-beeldbank. Daardoor schenden de gegenereerde beelden geen auteursrechten.
( 4
min )
Gokkers die in de eerste helft van dit jaar naar het casino zijn getrokken, hebben op een avond gemiddeld 138 euro uitgegeven. Dat is 10 euro minder dan een jaar eerder, blijkt uit nieuwe cijfers van Holland Casino. Het bedrijf ziet wel meer gokkers komen.
( 4
min )
De Surinaamse economie klimt uit een diep dal door stevige economische hervormingen. Het Internationaal Monetair Fonds (IMF) complimenteert de regering in Paramaribo met de aanpak. "De inflatie is nog hoog, maar ook die daalt", zegt IMF-directeur Kenji Okamura.
( 3
min )
Huurders hebben in de afgelopen jaren vaker vast gezeten in dure huurwoningen omdat de hypotheeknormen strenger zijn geworden. Ze konden geen huis meer kopen en waren dus aangewezen op prijzige huurwoningen. Verhuurders profiteerden, concluderen onderzoekers van het Centraal Planbureau (CPB).
( 4
min )
Zorgverzekeraar DSW verhoogt de zorgpremie voor 2024 met 11,50 euro naar 149 euro per maand. Deze eerste zorgpremie zet doorgaans de toon voor andere zorgverzekeraars. De grootste premiestijging sinds 2006 komt volgens DSW door hogere lonen, inflatie en extra zorgvraag.
( 6
min )
Zorgverzekeraar DSW verhoogt de zorgpremie voor 2024 met 11,50 euro naar 149 euro per maand. Deze eerste zorgpremie zet doorgaans de toon voor andere zorgverzekeraars. De grootste premiestijging sinds 2006 komt volgens DSW door hogere lonen, inflatie en extra zorgvraag.
( 6
min )
Apple-directeur Tim Cook bracht maandag in het geheim een bezoek aan chipmaker NXP in Eindhoven. NU.nl was erbij. De bijeenkomst ging onder meer over de toekomst van NFC-chips, het belang van Europa voor Apple en de klimaatdoelen van het bedrijf.
( 5
min )
Ford's decision to pause construction on an EV battery plant will reverberate throughout the U.S. auto industry.
( 22
min )
Where the boom fueled expansion of biotech real estate in the Bay Area as developers looked to book up-and-coming companies, a protracted bust has underscored that scientific data select their own winners and losers. Here's the latest example in South City.
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min )
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Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 21
min )
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A German court ruled that Netflix is infringing on a Broadcom patent in the country and has ordered the company to stop streaming video in the country using Broadcom's technology.
( 18
min )
HSBC analysts initiated coverage of hydrogen technology stocks Plug Power, Bloom Energy, and Chart industries at Buy.
( 22
min )
Republicans in Congress have been probing Ford's battery plant in Michigan using technology from CATL, the world's largest battery maker. "We are pausing work and limiting spending on construction on the Marshall project until we’re confident about our ability to competitively operate the plant," Ford said Monday.
( 31
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At age 99, Charlie Munger, vice chairman of Berkshire Hathaway Inc. and a Daily Journal board member, is a man many are eager to listen to. People tend to hang on to his every word like gospel. His decades of experience in investing, governance and law have given him a unique perspective on business and life, making his insights invaluable to anyone seeking wisdom. Don’t Miss: Goldman Sachs says: Portfolio(s) with a slice of real assets [like art] performed even better than the 60/40 over the lo
( 34
min )
Berkshire Hathaway's HP stake has plunged in value from $5.5 billion to about $3 billion, reflecting its share sales and a 35% drop in the stock.
( 32
min )
(Bloomberg) -- As the cross-asset selloff engulfed Wall Street last week, hedge funds ramped up their bets against stocks while one measure of their market positioning plunged the most since the March 2020 crash.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallEx-Wall Streeters Help Washing
( 34
min )
On Friday, the United Auto Workers union announced it is expanding its strike against General Motors (NYSE: GM) and Stellantis (NYSE: STLA) while significant progress has been made in negotiations with Ford Motor (NYSE: F).While some fears eased no additional factories will be added besides the three assembly facilities that are already on strike, which are Ford truck plant in Wayne, Michigan, GM plant in Wentzville, Missouri and the Stellantis in Toledo, the deepening of the strikes is aiming a
( 35
min )
Chipotle, Draftkings, Lam Research and eight other stocks may be underappreciated by investors, according to a screen run by Citi analysts.
( 22
min )
(Bloomberg) -- The largest long-dated bond ETF is suffering its biggest drawdown on record as the Federal Reserve’s higher-for-longer interest rates start to sting. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesIndia-Canada Clash Should Be a Wake-Up CallStocks Edge Up, Bonds Sink as Fed Talk Digested: Markets WrapChinese Gold Buying Is Driving a Paradigm Shift in BullionStudios’ Labor Focus Shifts to Actors With Writers Deal ClinchedThe $39
( 33
min )
The three-person team joins J.P. Morgan Private Bank in Seattle.
( 22
min )
Honeywell is investing in ESS Tech, an iron flow battery company that can provide backup power storage for utilities.
( 22
min )
The labor strikes that have crippled Hollywood for the last five months may finally be coming to an end. Some investors aren’t clapping.
A tentative deal between the
( 25
min )
Borrowers are feeling the financial strain.
( 33
min )
The U.S. stock market already showed solid gains in 2023, with the S&P 500 climbing 13%. While momentum seems to have slowed as stocks pulled back recently, Bank of America believes there's more upside on the horizon. On Sept. 20, the bank raised its year-end price target on the S&P 500 from 4,300 to 4,600. Considering that the benchmark index currently sits at 4,320, the new target implies a potential upside of 6.5%. Don’t Miss: Passive income investments are one of the most trusted methods for
( 33
min )
An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions. The post 85-year-old Indiana trucking company files for Chapter 11 appeared first on FreightWaves.
( 32
min )
The UAW has highlighted executive pay raises at the Big Three. By one measure—the ratio of the CEO’s pay to the median worker’s—automakers have a wider pay gap than most large companies.
( 30
min )
One terminal of trucking giant Werner filed to join the Teamsters union. Teamsters said key organizers were terminated afterward. The post Werner subsidiary fires 4 truck drivers after union petition filing appeared first on FreightWaves.
( 33
min )
US chip-major Qualcomm (NASDAQ:QCOM) has refuted claims of shutting down its research and development (R&D) facility in Shanghai, China, despite admitting to plans for downsizing due to economic uncertainties and wavering demand. The company clarified its position on Monday, emphasizing that there are no plans for large-scale job cuts at the Shanghai facility, which employs nearly 393 employees.
( 32
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While no one has a definitive answer to the question “How long will you live?”, coming up with an educated, realistic estimate goes a long way toward building a retirement plan that assures income security. Unfortunately, most U.S. adults lack what a new survey calls “longevity literacy,” a deficiency that can be a major retirement planning […] The post How Long Will You Live? Most People Don’t Account for This Retirement Data appeared first on SmartReads by SmartAsset.
( 33
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The U.S. stock market showed impressive gains in 2023, and the latest gross domestic product (GDP) figure exceeded expectations. But according to "Rich Dad Poor Dad" author Robert Kiyosaki, the picture might not be as rosy as it appears. "Don't they know the stock market is up because Biden raised debt ceiling. America's debt is going up ... so stock market going up," he wrote in a recent tweet. "America is broke." The author's concern about America's escalating debt was echoed by Fitch Ratings.
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A 529 Rollover to a Roth IRA is a financial strategy where an individual transfers funds from a 529 college savings plan, designed to pay for educational expenses, into a Roth IRA. This is a retirement savings account that offers tax-free growth and withdrawals. While it might be a good opportunity to transfer leftover 529 […] The post Pros and Cons of a 529 Rollover to a Roth IRA appeared first on SmartReads by SmartAsset.
( 34
min )
Forecasts for deliveries in the third quarter are due in a few days. Expectations have been falling, but the number still might miss the Wall Street consensus.
( 22
min )
In the absence of crypto-native catalysts, traders are likely to focus on the same macroeconomic data releases this week that will move the stock market.
( 21
min )
Guggenheim analyst John DiFucci upgraded shares of Microsoft to Neutral from Sell.
( 22
min )
Huawei is out to prove it is in the vanguard of Beijing’s drive for self-reliance in technology.
( 29
min )
Almost three-quarters of all seaborne Russian crude oil managed to get shipped without Western insurance in August, per a Financial Times analysis.
( 33
min )
(Bloomberg) -- Hedge fund managers are piling into short positions in ESG stocks as they hunt for bogus green claims and valuations inflated by record stimulus.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wakeup CallBonds Resume Selloff as Hawkish Fed Talk Sinks In: Markets WrapHollywood Screenwriters Reach Tentative Deal to End StrikeBloated prices ca
( 33
min )
Channel 4's chief exec blames social media and the pandemic for Gen Z’s deficiency in essential workplace diplomacy.
( 33
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(Bloomberg) -- Amazon.com Inc. will invest as much as $4 billion in Anthropic, bagging a crucial partner in its effort to become a major player in generative artificial intelligence and offering a vote of confidence in the hot startup.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wakeup CallIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesWells Fargo Preps for Wealth Battle After $1 Billion Turnaround
( 33
min )
(Bloomberg) -- Microsoft Corp lost its only sell rating on Monday as Guggenheim upgraded its view on the software giant to neutral, citing a tailwind from generative artificial intelligence.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wakeup CallHollywood Screenwriters Reach Tentative Deal to End StrikeStocks Fall as German Yield Climbs to 2011 High: M
( 32
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The complaints come after investors switched following Schwab’s acquisition.
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“I knew more than anyone else about insurance risks,” Rowan recalls of his first foray into the industry. His understanding of the market led him to marry the firm he founded to a profitable insurer.
( 33
min )
P&G hit back against criticism from a group of shareholders behind a "vote no" campaign against the reelection of the company’s leaders, including CEO and Chairman Jon Moeller.
( 21
min )
Are you a thriving star, committed and reliable, or mildly disengaged? Here's the breakdown of the employee disengagement spectrum as RTO season kicks off.
( 34
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Investors in the shares of Chinese property companies just can't catch a break.
China Evergrande Group gave them more bad news to digest last week, when it [scrapped a debt restructuring deal](https://www.wsj.com/articles/evergrande-scraps-35-billion-restructuring-plan-as-chinas-housing-crisis-inte
( 22
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The U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street's use of private messaging apps, said four people with direct knowledge of the matter. Previously, the Securities and Exchange Commission (SEC) had asked the companies to internally review the messages in its investigation of Wall Street's use of WhatsApp, Signal and other unapproved messaging apps to discuss work. While Reuters and other media have reported that the SEC's "off-channel" communication probe has expanded to investment advisers, its move to review thousands of their staff messages has not previously been reported.
( 33
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It's a now-familiar dance: Federal Reserve officials signal to the world that interest rates are not dropping anytime soon. Financial markets respond with bets to the contrary. Forecasts published on Wednesday by the U.S. central bank showed that a majority of its policymakers see the Fed's benchmark overnight interest rate ending this year at 5.6%, which implies one more interest rate hike in the next three months.
( 33
min )
Wall Street doubts Google will pull its business, but the stock’s big run has made the chip maker more sensitive to market fears.
( 26
min )
Options are derivatives that give the purchaser the right to buy or sell the underlying at a pre-determined price at a later date. Quarterly options settlements are closely watched by traders.
( 33
min )
↗️ Warner Bros. Discovery (WBD), Paramount Global (PARA), Walt Disney (DIS): Shares of entertainment companies rose premarket after writers, stud
( 22
min )
A relentless climb brings the 10-year Treasury note’s yield near 4.5%.
( 27
min )
(Bloomberg) -- Consumer stocks, one of the brightest corners of the market this year, are about to lose their shine as risks build for the sector, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesIndia-Canada Clash Should Be a Wakeup CallWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundHollywood Screenwriters Reach Tentative Dea
( 33
min )
Canadian labor union Unifor announced Sunday its members voted to ratify a three-year contract with Ford Motor, which includes gains in wages and pension plans.
( 33
min )
Media stocks rise as striking writers reached a tentative agreement with Hollywood studios that would end a monthslong strike, while Amazon will be investing up to $4 billion in artificial-intelligence company Anthropic.
( 22
min )
Authorities in China have ordered a senior Nomura Holdings banker overseeing the firm's investment banking operations there not to leave the mainland, two sources with knowledge of the matter said. Charles Wang Zhonghe, China investment banking chairman at Nomura, is prohibited from travelling outside the mainland, said the sources, who sought anonymity as they were not authorised to speak to media. Wang was based in Hong Kong, his LinkedIn profile showed, though his nationality was not immediately known.
( 33
min )
The deal, which includes a broad partnership, follows Microsoft’s multibillion-dollar stake in rival startup OpenAI.
( 28
min )
The S&P Semiconductors Select Industry Index has topped both price-wise and on a relative basis. That bodes poorly for the sector.
( 21
min )
The exchange has been seeking to ensure that it can make money no matter what happens in the world of cryptocurrencies.
( 21
min )
(Bloomberg) -- Overseas investors continue to shun Philippine equities, unloading more than $370 million in a 24-day selling streak that helped sink the Philippine Stock Exchange Index to a 3.5% slump, the worst in Southeast Asia. Withdrawals in the five-week period through Friday pushed this year’s outflow to more than $552 million.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wakeup CallWells Fargo Preps for Wealth Battle After
( 31
min )
Global markets have been feeling the heat as U.S. bond yields surged and a strengthened dollar hit a six-month high following the Federal Reserve's hawkish tone last week. The Federal Reserve indicated that rates would be higher for longer, while its counterparts in Britain, Switzerland and Japan were surprisingly dovish. The euro zone central bank also struck a relatively dovish tone.
( 31
min )
Oil’s rise has inspired fresh fears from Washington to Wall Street that energy could throw off central bankers’ attempted soft landing of the American economy.
( 27
min )
(Bloomberg) -- Chinese property shares dived Monday, as sentiment took a hit after distressed developer China Evergrande Group scrapped its key creditor meetings at the last minute and said it must revisit its restructuring plan.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Trouble Spreads to IndustrialsWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundIndia-Canada Clash Should Be a Wakeup CallBond Market Faces Qu
( 32
min )
Shares in Asia were mostly lower on Monday, with Tokyo the only major regional market to advance, after Wall Street wheezed to more losses with its worst week in six months. U.S. futures and oil prices edged higher. Worries over China’s property sector, a U.S. government shutdown and the continued strike by American autoworkers were weighing on investor sentiment.
( 34
min )
China Evergrande’s shares fell after the property developer scrapped a $35 billion debt-restructuring plan and said it is unable to issue new debt.
( 26
min )
(Bloomberg) -- China Evergrande Group is running out of time to get what would be one of the nation’s biggest-ever restructurings back on track, after setbacks in recent days that raise the risk of liquidation.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Trouble Spreads to IndustrialsWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundIndia-Canada Clash Should Be a Wakeup CallBond Market Faces Quandary After Fed Si
( 34
min )
(Bloomberg) -- Oil climbed for a second day as hedge funds piled on bets that tightening supplies will see a resumption of the rally after a pause last week.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Trouble Spreads to IndustrialsWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundBond Market Faces Quandary After Fed Signals It’s Almost DoneUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysWest
( 32
min )
Bitcoin fell Monday morning in Asia to trade below US$26,300. Ether also dipped and remained below the US$1,600 mark. All top 10 non-stablecoin tokens dropped.
( 33
min )
(Bloomberg) -- Asian equities were poised for a cautious open while the dollar traded in narrow ranges versus its major peers early Monday as investors weighed the Federal Reserve’s higher-for-longer stance.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundStocks Flash Recession Warning as Trouble Spreads to IndustrialsBond Market Faces Quandary After Fed Signals It’s Almost DoneUS to Keep a Distance F
( 33
min )
No-load life insurance is an option where no commission is paid for initiating or servicing the policy.
( 22
min )
With I bond rates now much lower and cash-outs possible after one year, it's a smart time to move your money into one of today's historically high-paying CDs.
( 19
min )
A PLUS loan is a federal loan for higher education, available to parents of undergraduates and also to graduate and professional students.
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Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 19
min )
The S&P 500 snapped a four-day losing streak to finish 0.4% higher on Monday, Sept. 25, 2023 as oil prices fell below $90 a barrel, and ahead of a key inflation report due later in the week.
( 16
min )
The International Securities Association for Institutional Trade Communication (ISITC) is an organization promoting greater financial market efficiency.
( 19
min )
Denmark’s Novo Nordisk struck a deal with U.S.-based health tech firm Valo Health to use AI to discover and develop treatments for cardiometabolic diseases such as heart attack, stroke, and diabetes.
( 17
min )
A German court ruled that Netflix is infringing on a Broadcom patent in the country and has ordered the company to stop streaming video in the country using Broadcom's technology.
( 16
min )
Diana Henriques, author of the new book, Taming the Street: The Old Guard, The New Deal, and FDR's Fight to Save American Capitalism, joins the show to talk about how President Franklin Delano Roosevelt and a small group of men revolutionized Wall Street after the crash of 1929.
( 15
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Higher oil prices likely won't cause consumer spending and gross domestic product (GDP) to decline, Goldman Sachs analysts said in a research note, and not all analysts expect oil prices to remain high.
( 18
min )
Life expectancy is defined as the age to which a person is expected to live, or the remaining number of years a person is expected to live.
( 23
min )
Experts debate the effects raising the minimum wage has on workers, employers, and the overall job market.
( 25
min )
An inverse head and shoulders, also called a head and shoulders bottom or a reverse head and shoulders, is inverted with the head and shoulders top used to predict reversals in downtrends.
( 30
min )
Ford's deal with Canada's Unifor could add pressure on the Big Three automakers in ongoing negotiations with the striking United Auto Workers union in the U.S.
( 17
min )
Cash awards are awards given to employees in the form of money or another asset, such as stock, that can be turned in for cash.
( 20
min )
Cash wages are compensation for employees that come in the form of spendable money.
( 20
min )
An explanation of how traders can use the Commodity Channel Index (CCI) to evaluate buy and sell signals based on price trends over various timeframes.
( 27
min )
Bank of America warned that the boom in revenue growth for luxury-goods retailers as pandemic restrictions eased is over.
( 16
min )
The income effect is the impact of higher purchasing power on consumption, while the substitution effect measures how consumption is affected by changing income and prices.
( 20
min )
U.S. equities were mixed at midday on Monday, Sept. 25, 2023, with bond yields rising while oil prices lost ground.
( 18
min )
Jefferies warned that sales for Nike and other retailers could be hurt as the moratorium on student loan repayments ends.
( 17
min )
The securitization of mortgages into asset-backed securities fueled risk taking, and eventually brought Wall Street to its knees when the U.S. real estate bubble burst.
( 19
min )
Mean reversion is a financial theory positing that asset prices and historical returns eventually revert to their long-term mean or average level.
( 28
min )
Capitalism promotes free market conditions, whereas socialism incorporates certain elements of centralized economic planning.
( 36
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The U.S. Securities and Exchange Commission (SEC) on Monday fined DWS Securities, a subsidiary of Deutsche Bank (DB), a combined $25 million for misstatements regarding its ESG reporting and failure to set up an anti-money laundering program.
( 18
min )
Repayment is the act of settling a debt according to a loan's terms. typically through recurring payments over a set period of time.
( 28
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Carlos Slim Helú is one of the richest people in the world. Here's how the business magnate did it.
( 32
min )
The Supreme Court blocked the Biden-Harris administration's one-time student loan forgiveness plan. Is loan forgiveness off the table? New relief plans give a new avenue.
( 23
min )
Looking to be a holistic provider of AI solutions, Amazon is investing $4 billion into a startup founded by former OpenAI employees.
( 17
min )
Booking Holdings said Monday it plans to appeal EU regulators' veto of its acquisition of Etraveli Group, a Swedish online travel agency that specializes in tracking flights.
( 17
min )
Shares of major media companies fluctuated after Hollywood writers reached a tentative agreement with major studios, while actors continue to strike.
( 17
min )
In general, buying options is a less risky strategy than selling them -- although sellers can also take steps to mitigate their risk.
( 25
min )
Some electric car owners are now experiencing higher costs to power their vehicles than to fill up their gas-powered equivalents — if you calculate the costs a certain way.
( 20
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Most electric car owners charge their vehicles at home rather than at public charging stations. Here’s what you’ll pay for electricity and equipment.
( 20
min )
Household income, as defined by the Census Bureau, is the total gross income of all people occupying the same housing unit who are 15 years and older.
( 24
min )
Home warranties are service contracts that act like insurance to help pay to repair or replace appliances or systems that break down in your home. Learn how they work.
( 26
min )
Life insurance premium financing lets high net worth individuals buy costly insurance without liquidating assets, but there are risks involved.
( 22
min )
Find out how your life insurance policy can be a great tool for charitable giving.
( 21
min )
Commercial health insurance is health insurance provided and administered by public and private companies rather than by the government.
( 23
min )
There's a good chance you've heard of Fannie Mae but do you know what it does? Learn more about this government-sponsored enterprise and how it operates.
( 26
min )
The Federal Funds Rate and the London Interbank Offered Rate (LIBOR) are two of the most prominently featured interest rates in the U.S. and abroad.
( 21
min )
The physical notes or currency of a country that is used as a medium of exchange is known as paper money.
( 19
min )
The Fisher College of Business is the business school at Ohio State University, located in Columbus, Ohio.
( 19
min )
The Robinson-Patman Act is a federal law passed in 1936 to outlaw price discrimination. It amends the 1914 Clayton Antitrust Act.
( 21
min )
The Four Asian Tigers define the high-growth economies of Hong Kong, Singapore, South Korea, and Taiwan.
( 20
min )
The theory of price is an economic theory that states that the price of a good or service is based on the relationship between its supply and demand.
( 22
min )
Political lobbying is again at a heightened spend level, and again being criticized; making it important to remember lobbying's legality and importance.
( 22
min )
General Agreements to Borrow (GAB) was a lending medium offered through the International Monetary Fund by the Group of Ten countries.
( 21
min )
Ruim vier op de tien Nederlanders deden vorig jaar minimaal één keer vrijwilligerswerk. Dat aantal is nog altijd kleiner dan voor corona, toen bijna de helft van de Nederlanders zich weleens belangeloos inzette.
( 3
min )
Air France-KLM heeft een overeenkomst gesloten voor de levering van vijftig nieuwe vliegtuigen van Airbus. Het gaat om het type A350, dat volgens KLM geldt als "het zuinigste en stilste model van zijn generatie".
( 3
min )
Netbeheerder TenneT heeft een raamovereenkomst getekend met een totaalwaarde van 1,9 miljard euro voor de levering van compensatiespoelen en vermogenstransformatoren aan Nederland en Duitsland. De spoelen en transformatoren zijn volgens TenneT nodig voor de optimalisatie en het onderhoud van het hoogspanningsnet.
( 3
min )
Scrubbolletjes, rubberkorrels voor kunstgrasvelden en andere moedwillig toegevoegde zogeheten microplastics worden in de Europese Unie verboden. De Europese Commissie wil tegengaan dat de minuscule plasticdeeltjes in de natuur terechtkomen en de gezondheid van mens en dier schaden.
( 3
min )
De NS wil reizigers tegemoetkomen met een compensatie als ze geen andere keuze hebben dan reizen tijdens de spits. De spitsheffing heeft niet als doel om meer geld in het laatje van de NS te brengen, benadrukt het spoorbedrijf.
( 4
min )
Big Bazar krijgt van de rechter opnieuw niet meer tijd om afspraken te maken met schuldeisers. De advocaat van de keten gaat ervan uit dat dinsdag het faillissement wordt uitgesproken.
( 4
min )
LEGO schrapt een plan om legosteentjes te gaan maken van gerecyclede plastic flessen. In plaats daarvan wil de Deense speelgoedfabrikant ander materiaal zoeken om de CO2-uitstoot mee terug te dingen.
( 3
min )
Booking.com mag het Zweedse online reisbureau Etraveli niet overnemen. Dat maakte de Europese Commissie maandag bekend. De overname zou Booking te machtig maken.
( 3
min )
Veel Amerikaanse overheidsdiensten dreigen over enkele dagen te moeten sluiten omdat er geen geld meer voor is. Om dit te voorkomen moet de politiek overeenstemming bereiken over het aangaan van nieuwe schulden, maar dat akkoord laat op zich wachten.
( 4
min )
De Consumentenbond stapt naar de rechter vanwege de beperkte geldigheid van de hotelvouchers van Fletcher Hotels. Ook is het bedrijf volgens de bond niet eerlijk over het aanbod en de verplichte kosten die bij een overnachting komen kijken.
( 4
min )
Wie in de spits reist, betaalt in de toekomst mogelijk 2,50 euro extra voor zijn treinrit. Met deze spitsheffing, die alleen moet gelden op drukke trajecten, wil de NS reizigers stimuleren om op andere momenten te reizen.
( 4
min )
De opleiding tot rijleraar trekt een groot aantal zijinstromers die eerder in de horeca, sales of in een winkel werkten. Al die zijinstromers zijn zeer welkom, nu de vergrijzing onder rijinstructeurs toeslaat.
( 3
min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Steeds meer bedrijven proberen bij het maken van chocola zoveel mogelijk slaafvrije cacao te gebruiken. Na Tony's Chocelonely, Ben & Jerry's, PLUS en Albert Heijn gaat de HEMA slaafvrije chocola gebruiken, in dit geval bij de paaseitjes. Vandaag is de stelling: 'Ik koop alleen maar chocola van eerlijke cacao.'
( 3
min )
KLM heeft met pilotenvakbond VNV een cao-akkoord op hoofdlijnen gesloten. Daardoor gaat een geplande werkonderbreking van de vliegers maandag niet door, stelt de luchtvaartmaatschappij.
( 3
min )
HEMA stapt over op cacaoboeren die zijn aangesloten bij een netwerk dat zich inzet tegen de uitbuiting in de cacao-industrie. In de loop van volgend jaar moeten alle HEMA-chocolaatjes gemaakt worden van traceerbare cacao.
( 3
min )
Onze buurlanden zorgen dit jaar voor veel toerisme. De grootste stijging komt uit het oosten: maar liefst zeven miljoen mensen uit Duitsland trekken de grens naar Nederland over.
( 4
min )
Before you obtain a real estate license in Florida, you will need to complete specific coursework, take an exam, and pass a background check.
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Retirement expenses such as health insurance, home renovations, and a new car could drain your funds if you don't plan for them now.
( 27
min )
Real estate agents in New York are among the highest paid in the nation.
( 24
min )
One of the most important topics in retirement is Medicare. Here is the lowdown on how it works and what it may cost you.
( 28
min )
The Employment Cost Index (ECI) is a quarterly economic series that measures the growth of total employee compensation.
( 21
min )
Price to tangible book value (PTBV) measures a company's market value relative to the hard or tangible assets reported on its balance sheet.
( 21
min )
These techniques can help you pass the Series 6 exam without the added stress. Here are six tips to get you ready.
( 23
min )
From stimulus checks to quantitative easing, here’s what governments and central banks are doing around the world to provide stimulus and relief.
( 87
min )
Unfair trade practice refers to the use of various deceptive, fraudulent, or unethical methods to obtain business.
( 19
min )
Investment banks provide financial advice to businesses and governments and help them raise capital through the sale of stocks, bonds, and other products.
( 21
min )
The Sick Industrial Companies Act (SICA) was a key piece of legislation introduced in 1985 to deal with the issue of rampant industrial sickness in India.
( 19
min )
Former congresswoman Marcia Fudge is the current U.S. secretary of Housing and Urban Development (HUD).
( 23
min )
Brady might have hung up his jersey for good, but the 7x Super Bowl champion is plenty busy off the field. Brady has a net worth of $300 million, according to Celebrity Net Worth, thanks to his decades-long career as a star quarterback in the NFL, and a series of lucrative businesses and investments in sports teams.
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If you’re completely financially independent from your parents since you were a kid, you’re firmly in the minority.
( 17
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In 1985, the G-5 nations signed an agreement to devalue the United States currency and correct the GDP. It worked, but there were casualties.
( 23
min )
One in five retirees is working for financial and mental benefits, according to a T. Rowe Price study.
( 18
min )
The Caribbean Free Trade Association (CARIFTA) is a multilateral free-trade area composed of Caribbean nations and dependencies that existed from 1965 to 1972.
( 19
min )
Understand how difficult it is to break into the field of private equity, and increase your chances by preparing early and following these tips.
( 23
min )
Convertible preferred stock is a hybrid security that gives holders the option to convert their preferred stock into common shares after a defined date.
( 24
min )
If you are pondering a midlife career change that involves a transition into finance, then here are a few tips that will help.
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A void contract is a formal agreement that is illegitimate and unenforceable from the moment it is created. Learn more about what makes a contract void.
( 21
min )
Hyperinflation is an extreme case of monetary devaluation that is so rapid and out of control that the normal concepts of value and prices are meaningless.
( 21
min )
(Bloomberg) -- The impact of a deeper economic deterioration in China will be mainly felt in Australia through weaker trade and reduced risk appetite in financial markets, Australian regulators said in a quarterly statement.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundStocks Flash Recession Warning as Trouble Spreads to IndustrialsBond Market Faces Quandary After Fed Signals It’s Almost DoneUS to
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Retirement expenses such as health insurance, home renovations, and a new car could drain your funds if you don't plan for them now.
( 27
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Investors have been buoyed this year by the fact that a mooted recession has failed to materialize. However, Morgan Stanley’s chief U.S. equity strategist, Mike Wilson, says that it does not mean the prospect of one taking place has completely evaporated. “While the investor sentiment pendulum on a recession arriving in 2023 has swung from roughly ’70/30′ to ’30/70′ over the past 6 months based on our dialogue, there is more debate on whether we have avoided it altogether – i.e., soft/no landing
( 36
min )
(Bloomberg) -- Oil’s move higher is making waves around the world as supplies buckle amid a growing appetite for crude and petroleum products, threatening to complicate the task of central bankers in their efforts to tame inflation. Meanwhile, the International Energy Agency hosts three events this week in Paris focused on the energy transition, including one on critical minerals Thursday.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Weal
( 34
min )
US consumers have accumulated $1 trillion of credit card debt. That sounds like a lot, but it's not an excessive amount, experts say.
( 34
min )
Some borrowers fear what's next as student loan payments resume in October. They're searching for answers and ways to trim their spending.
( 41
min )
Earnings reports from Costco, Cintas, Micron, Accenture, CarMax, Nike, and Carnival. Plus, core PCE inflation data, consumer confidence, and more.
( 22
min )
(Bloomberg) -- US small-cap and industrial stocks are dropping, typically signals of a recession, but in a year where equities have already beaten expectations some investors are dismissing the moves as little more than noise — for now.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s A
( 34
min )
If you contribute to a tax-advantaged retirement account at work or a traditional IRA, Required Minimum Distributions (RMDs) are something you'll need to factor into your financial plan. These distributions are minimum amounts you're required to withdraw from your retirement … Continue reading → The post Is an RMD Needed If You're Still Working? appeared first on SmartAsset Blog.
( 34
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Canadian labor union Unifor said on Sunday its members had voted to ratify a new contract with Ford Motor, a relief for the Detroit automaker locked in a separate tussle with its U.S. union over demands for better pay and benefits in the country.
( 31
min )
(Bloomberg) -- Jon Corzine will shutter the hedge fund he started after the collapse of MF Global Holdings, marking the end of his bid to rebound from one of the largest bankruptcies in US history. Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s Almost DoneChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseRaw Meat-Eating Liver King
( 31
min )
Employers are stepping up monitoring of in-office attendance, though efforts can alienate workers or prove difficult to implement.
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min )
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One in five retirees is working for financial and mental benefits, according to a T. Rowe Price study.
( 19
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BEIJING (Reuters) -China Evergrande said on Sunday that in view of an investigation into Hengda Real Estate Group, its flagship onshore unit, it was unable to meet qualifications for the issuance of new notes under its debt restructuring plan. The Evergrande unit was being probed by the Chinese securities regulator for suspected violation of information disclosure. "Holders of the company’s securities and potential investors of the company are advised to exercise caution when dealing in the securities of the company," Hui Ka Yan, chairman of China Evergrande Group, said in the Sunday filing to the Hong Kong Stock Exchange.
( 32
min )
Davidson Kempner Capital Management initiated positions in Exxon, Domino’s, and Coca-Cola, and exited CVS stock in the second quarter.
( 22
min )
(Bloomberg) -- Just a couple of months ago, emerging-market assets were all the rage as inflation eased and interest rate-cut bets surfaced. The trade has all but fizzled out. Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s Almost DoneChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseRaw Meat-Eating Liver King And Other Health Infl
( 33
min )
Arm, Instacart and Klaviyo all popped on their first day of trading, but their performance since then has been more muted.
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Despite the threat of China’s triggering a worldwide crisis as Russia did in 1998, emerging markets are much more resilient now. It doesn’t mean investors will profit from them.
( 26
min )
Too many consumers settle for savings accounts that pay almost no interest. High-yield alternatives aren't hard to find.
( 34
min )
Jeremy Hunt cheered falling inflation numbers last week, claiming the data showed his plan to fix the economy was working.
( 34
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(Bloomberg) -- What determines the price of gold? For much of the past decade the answer was easy: the price of money. The lower rates fell, the higher gold climbed, and vice versa.Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s Almost DoneChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseRaw Meat-Eating Liver King And Other Health
( 34
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China Reform Holdings Corp, a Chinese manager of state assets, plans to raise at least 100 billion yuan ($13.70 billion) for a fund that will invest in emerging industries, the China Business News reported on Sunday. China's state-owned enterprises (SOEs) have been ramping up investment in emerging and strategic industries such as artificial intelligence, new energy, new materials and biotech as part of Beijing's SOE reforms. China Reform Holdings was set up in 2021 and tasked with deepening SOE reforms.
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High claim losses have driven up insurance costs for plenty of homeowners in the Golden State.
( 32
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Economists expect sales of new homes to have fallen in August. The government's monthly measure is due Tuesday.
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(Bloomberg) -- Singapore became the biggest investor in Japan’s real estate sector this year, lured by the yen’s weakness and growing demand in logistics and hospitality industries, according to Knight Frank LLP.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s Almost DoneStocks Flash R
( 32
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Pentwater Capital predicted that FTC efforts to block big deals would fail.
( 28
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Japan’s government is on a mission to get the country’s cash-hoarding households to invest more.
( 29
min )
U.S. Central Bank Telegraphs One More Interest Rate Hike In 2023
( 32
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SEOUL (Reuters) -South Korea's LG Chem Ltd has entered a partnership with China's Huayou Group's subsidiary Youshan, it said on Sunday, to build a joint electric vehicle (EV) battery material plant in Morocco to diversify its portfolio. Huayou has joined the growing number of Chinese electric vehicle and battery companies seeking to expand overseas to get closer to their foreign clients and benefit from local incentives. In a separate statement, Huayou's listed unit Zhejiang Huayou Cobalt Co said it intended to build plants with LG Chem in Indonesia and Morocco under a strategic partnership to promote international growth.
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The city’s new landmarks are struggling office buildings and a shopping mall losing tenants.
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KLM zegt een akkoord op hoofdlijnen te hebben gesloten met pilotenvakbond VNV over een nieuwe cao. Daardoor gaat een geplande werkonderbreking van de vliegeniers maandag niet door, stelt de luchtvaartmaatschappij.
( 3
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Frankrijk stapt helemaal uit de steenkoolsector. Tegen 2027 moeten de laatste twee op steenkool draaiende elektriciteitscentrales van het land zijn omgebouwd. Dat heeft president Emmanuel Macron zondag bekendgemaakt. Daarnaast wil hij dat de brandstofindustrie de producten tegen kostprijs aanbiedt.
( 3
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De Tsjechische miljardair Daniel Kretínský verkoopt zijn belang in de Franse krant Le Monde. Zijn aandelen gaan over naar de Franse zakenman Xavier Niel, die al grootaandeelhouder in het nieuwsmedium was.
( 3
min )
Een goede smartphone hoeft niet duur te zijn. In de prijsklasse van 350 tot 500 euro zijn veel goede telefoons verkrijgbaar. De OnePlus Nord 3 5G, Google Pixel 7a en Samsung Galaxy A54 5G zijn volgens Tweakers op dit moment de beste smartphones in dit prijssegment.
( 3
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De Duitse bouwsector heeft 50 miljard euro aan stimuleringsmaatregelen nodig om uit het slop te komen, betoogt vakbond IGBAU. Hogere rentes en sterk gestegen materiaalkosten drukken zwaar op de Duitse bouw.
( 3
min )
Als kunstmatige intelligentie ergens goed in is, dan is het wel taalverwerking. Je kunt ermee chatten, maar AI kan ook vertalen. Dat klinkt als een bedreiging voor professionele vertalers, maar bij het Nederlands Genootschap van Tolken en Vertalers (NGTV) maken ze zich nog niet druk.
( 4
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Het minimumloon gaat omhoog naar 13,50 euro per uur, maar sommige partijen en vakbonden willen dit bedrag nog verder verhogen. Ze opperen een minimum van 14, 16 of zelfs 18 euro per uur. Dat klinkt als een sympathiek plan, maar experts hebben hun bedenkingen.
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The Asian Infrastructure Investment Bank (AIIB) is a Beijing-based multilateral development bank that finances infrastructure projects in Asia.
( 23
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While a falling unemployment rate sounds like a good thing, it can actually be indicative of people leaving the labor force because they can't find a job.
( 23
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The Consumer Financial Protection Bureau (CFPB) is a regulatory agency charged with overseeing financial products and services that are offered to consumers.
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min )
Management fees are the price charged by fund managers to invest capital on behalf of clients. The fee covers managers for their time and their expertise.
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A Keltner Channel is a set of bands placed above and below an asset's price. The bands are based on volatility and can aid in determining trend direction and provide trade signals.
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A lot is amount of securities bought in a single transaction on an exchange. A round lot is typically 100 shares but investors don't have to buy in round lots.
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A bond quote is the price at which a bond is trading. It's typically expressed as a percentage of par value with the percentage converted to a point scale.
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Bond futures oblige the contract holder to purchase a bond on a specified date at a predetermined price.
( 24
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Tech stocks tend to fall early in tightening cycles but rebound and recover losses later on.
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The CFA Institute is an international organization that serves investment management professionals with education, ethics, and certification programs.
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Scholastic Corporation missed revenue and profit estimates for the quarter ended Aug. 31, as lagging book sales impacted the publisher's core business.
( 18
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Commodities are the raw materials used for products manufactured worldwide. This article lists the top 10 countries with the most value in natural resources.
( 25
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Deciding to buy CIF or FOB depends on the experience of the buyer. FOB generally holds wider appeal among regular international shippers.
( 23
min )
The top shareholders of Amazon are Jeff Bezos, Andrew Jassy, Jeffrey Blackburn, Advisor Group, Vanguard Group, and BlackRock.
( 24
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Layer 1 and Layer 2 blockchain scaling solutions are two types of improvements to the processing speed of any cryptocurrency network.
( 23
min )
Yield farming is a high-risk, volatile investment strategy in which the investor stakes or lends crypto assets to earn a higher return.
( 21
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The Gilded Age, which spanned roughly from the late 1870s to the early 1900s, was a time of rapid industrialization, economic growth, and prosperity for the wealthy. It was also a time of exploitation and extreme poverty for workers.
( 28
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The Federal Reserve's interest rate hikes have taken a toll on some of the biggest bond market ETFs available to investors.
( 19
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A value reporting form is an insurance form a company with irregular inventory completes in order to receive insurance coverage in variable amounts.
( 20
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Several currency denominations have been discontinued by the U.S. Treasury and others are still in circulation but rarely used.
( 24
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The Singapore Interbank Offered Rate (SIBOR) is the benchmark interest rate for lending between banks in markets within the Asian time zones.
( 22
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Of the 50 U.S. states, 39 and the District of Columbia do not tax Social Security benefits.
( 31
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These nine states impose no income tax on residents, but moving there may not save you money.
( 31
min )
As US debt explodes, net interest payments are projected to become the single biggest expenditure by 2051, even topping Social Security.
( 32
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(Bloomberg) -- Bond investors face the crucial decision of just how much risk to take in Treasuries with 10-year yields at the highest in more than a decade and the Federal Reserve signaling it’s almost done raising rates.Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseRaw Meat-Eating Liver King And Other Health Influencers Face Mounting LawsuitsAI Fantasy Fades as Wall Street Reels From Real-World
( 33
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Tech stocks tend to fall early in tightening cycles but rebound and recover losses later on.
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I am 57 and have $1.1 million in my 401(k) and $50,000 in a high-yield savings account. I earn $300,000 per year and put $30,000 in my 401(k) each year plus a match on the first 6%. I have a $220,000 mortgage on a home valued at $550,000. I would like to retire at 62 […] The post Ask an Advisor: I Have $1.15 Million Saved and Will Collect $3,500 Per Month in Social Security. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
( 33
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India's aviation authorities have ruled out intervening in a dispute between Akasa Air and its pilots after the budget carrier accused the regulator of inaction, a legal filing shows. Over 40 of Akasa's 450 pilots quit without serving their notice in recent weeks, and the airline has sued some of them and challenged Indian authorities in court for not acting on its requests to deal with alleged pilot "misconduct". Akasa argues its contractual obligations with pilots remain in force, and is suing the regulator for not intervening in the public interest.
( 31
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Trudeau's popularity as measured by opinion polls has dropped as Canadians deal with a cost-of-living crisis, sparked by the central bank's record pace of interest rate increases to tame inflation. Trudeau has waded into a sensitive monetary policy debate and past comments on interest rates by his government and other provincial politicians have raised questions about the independence of the central bank.
( 31
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Contract talks with the union have been running parallel to UAW talks in the U.S.
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The top shareholders of Amazon are Jeff Bezos, Andrew Jassy, Jeffrey Blackburn, Advisor Group, Vanguard Group, and BlackRock.
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Imagine awakening to the gentle sound of waves washing up on a pristine beach, steps away from your luxury villa. You enjoy a gourmet breakfast while planning your day, debating between taking a tranquil boat trip or enjoying a private tour of a renowned local museum. All of these are made possible because you’ve amassed […] The post What a Retirement Lifestyle With $20 Million Looks Like appeared first on SmartReads by SmartAsset.
( 36
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In the intricate world of healthcare and insurance, high-net-worth individuals often face unique challenges and opportunities. Their healthcare needs, lifestyle and financial situation necessitate a different approach to insurance, one that is tailored to their specific circumstances. Whether you have a high net worth or not, a financial advisor can help you manage risk and […] The post Health Insurance Options for High-Net-Worth Individuals appeared first on SmartReads by SmartAsset.
( 34
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As crude oil prices near triple digits, it isn’t just consumers feeling uneasy.
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Practice over pedigree is the new normal. College students have gotten the hint.
( 33
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(Bloomberg) -- Exxon Mobil Corp., which operates one of the world’s biggest oil-refining networks, is trying to be more responsive to changing consumer demands as the energy transition gathers pace. The changes it’s considering include potentially replacing some gasoline production with chemicals.Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseUS to Keep a Distance From India-Canada Dispute, Signum
( 34
min )
Retirement has gotten harder for low-income Americans. In July, the Government Accountability Office studied the impact of tax-advantaged retirement accounts. In doing so, they found that the disparity in retirement savings between low-income and high-income workers between ages 51 and 64 grew significantly between 2007 and 2019. This means people nearing retirement today are in […] The post This Little Known Tax Credit Helps Low-Income Workers Catch Up on Retirement Contributions appeared first
( 32
min )
Long-Term Capital Management’s collapse 25 years ago started a habit hard to break—the “Fed put.”
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min )
Dozens of ships arrive each week in the Milford Haven Waterway, many bearing vast cargoes of crude oil and natural gas.
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The Federal Reserve's interest rate hikes have taken a toll on some of the biggest bond market ETFs available to investors.
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The WSJ guide on how to buy, finance, and find the car you want in 2023.
( 21
min )
Chinese lenders will provide more than half of the US$3 billion debt that Uganda requires to build a crude oil pipeline after financiers from the West backed out following strong opposition from environmental groups. According to Uganda's Ministry of Energy and Mineral Development, the East African nation expects to finalise talks with the China Export & Credit Insurance Corporation (Sinosure) and the Export-Import Bank of China (Eximbank) by next month to finance the construction of the East Af
( 35
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Carmakers face an escalating fight. Here’s what to watch for in the negotiations.
( 27
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(Bloomberg) -- With the northern hemisphere winter approaching and global diesel markets already tight, Russia has banned exports of the fuel that’s used for transportation, heating and industrial processes. Many analysts expect the halt to be temporary, but others see it as another example of Moscow weaponizing energy exports, as its invasion of Ukraine enters a 20th month. Most Read from BloombergChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseAI Fantasy Fades as Wall Street Reels
( 36
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Berkshire Hathaway now owns about $3 billion of the maker of personal computers, an 11.2% stake.
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Of the 50 U.S. states, 39 and the District of Columbia do not tax Social Security benefits.
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These nine states impose no income tax on residents, but moving there may not save you money.
( 31
min )
(Bloomberg) -- The relentless selloff in Chinese stocks has made the market the worst performer in the world over the past three years. And that is exactly the reason some funds are looking to unearth pockets of value.Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseRaw Meat-Eating Liver King And Other Health Influencers Face Mounti
( 33
min )
Je kent het vast: je vertelt aan anderen dat je graag iets wil hebben en even later zie je daarvoor een advertentie op Facebook of Instagram. Het lijkt alsof je wordt afgeluisterd, maar daar is volgens experts geen sprake van.
( 4
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Vijftien jaar geleden had vrijwel niemand een Android-telefoon, nu de meeste mensen. Google kreeg de afgelopen jaren veel macht op de smartphonemarkt en moest daar soms voor boeten. De technologie blijft zich ontwikkelen. De volgende stap lijkt kunstmatige intelligentie.
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De Europese Unie is "niet van plan zich los te koppelen" van China, maar moet zichzelf wel beschermen wanneer haar openheid wordt misbruikt. Dat heeft Valdis Dombrovskis, vicevoorzitter van de Europese Commissie, zaterdag gezegd tijdens een bijeenkomst in Shanghai.
( 4
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De Britse premier Rishi Sunak overweegt maatregelen in te voeren die het op termijn onmogelijk moeten maken om nog legaal sigaretten te kopen. Dat meldt The Guardian op basis van overheidsbronnen.
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De Fremantle Highway is zaterdagochtend in Rotterdam aangekomen, bijna twee maanden nadat op het vrachtschip brand uitbrak. Het schip vertrok donderdagmiddag uit de Groningse Eemshaven, waar het sinds begin augustus lag.
( 3
min )
Arriva wil vanaf 2026 op tal van spoortrajecten in het land gaan rijden waar nu nog treinen rijden van NS. Het spoorbedrijf heeft daarvoor verzoeken ingediend bij de Autoriteit Consument & Markt (ACM), bevestigt een woordvoerder van Arriva na berichtgeving door de Volkskrant.
( 3
min )
De Amerikaanse president Joe Biden gaat dinsdag naar Michigan om zijn steun te betuigen voor de staking bij de grote autofabrieken in Detroit. Zijn bezoek is bijzonder: het komt zelden voor dat een Amerikaanse president stakers bezoekt.
( 4
min )
Actievoerders van Extinction Rebellion (XR) blokkeren al twee weken lang elke dag de A12. Dat blijven ze doen tot Nederland stopt met de fossiele steun aan het bedrijfsleven. Hoe realistisch is die eis?
( 6
min )
The 10-year Treasury yield just breached 4.50%. Some market strategists see yields north of 5% coming into view.
( 22
min )
The ninth month of the year is the S&P 500’s worst, but some signs suggest that it’s getting close to bouncing.
( 22
min )
Wall Street research on Disney, Cisco Systems, Walmart, Walt Disney, Nike, and IBM
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min )
James Dolan’s Sphere Entertainment looks undervalued, as do Madison Square Garden Entertainment and MSG Sports.
( 22
min )
The Fed will push interest rates to 6%, which means more pain for the US economy, particularly small businesses, O'Leary said.
( 33
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The civil trial, scheduled for Oct. 2, is in limbo while awaiting an appeals court ruling.
( 27
min )
Millennials and Gen Zers push back on Mom and Dad’s ideas about what a strong work ethic looks like.
( 22
min )
In Louisiana, a home could see a 48% plunge in value, and in Plaquemines Parish, a home could even lose 100% of its value.
( 32
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The move is expected to improve the segment's operating income by approximately $50 million to $55 million in 2025, the tire manufacturer said, adding that the plan would also improve profitability in its Australia and New Zealand operations. Goodyear would also exit nine warehouse locations, a regulatory filing showed. The Ohio-based company said the approved plan that is part of its broader restructuring effort would be completed by the end of 2024.
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Goldman Sachs analysts say that credit card losses are rising and expect they will continue to do so as late as 2025.
( 18
min )
The Bay Area saw some of its community banks move into the region's top 10 this year, based on the latest FDIC deposit data
( 21
min )
UPS is leveraging artificial intelligence to prevent "porch pirates" from stealing consumers' packages after they are delivered and recommend the best options for successful deliveries.
( 32
min )
Months after California's home insurance market was rattled by major companies pausing or restricting their coverage, the state's top regulator said Thursday that he would write new rules aimed at persuading insurers to continue doing business in the nation's most populous state. Seven of the 12 largest insurance companies by market share in California have either paused or restricted new policies in the state since last year. WHAT ARE THE RULES FOR INSURANCE COMPANIES?
( 32
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The years of ultralow interest rates nurtured a variety of wacky investment ideas. That’s over now. Here’s our guide to some ordinary investments at agreeable prices.
( 22
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Here's our weekly roundup of the most-read articles at Barron's Advisor.
( 22
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Monthly dividend ETFs have become a popular investment category in recent years, and why not? Building a portfolio of dividend ETFs that pay you each month is a great way to build a diversified and predictable stream of passive income that will compound over time. The Amplify CWP Enhanced Dividend ETF (NYSEARCA:DIVO) is one interesting option in this class for investors to consider. DIVO’s dividend yield of 4.9% is not as high as some of the other popular names in the space, like the JPMorgan Pr
( 34
min )
Shares of retailer Advance Auto Parts are in a second calendar year deeply in the red. Eugene Lee, interim executive chair, scooped up $500,000 of stock.
( 22
min )
Insurance registration data collected by Citi analyst Jeff Chung shows a decline in weekly sales of the company's EVs in China this month.
( 21
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It's never easy to figure out Wall Street, where bad news can be good for stocks or vice versa. Sometimes a stock can be flying high, only to have a well-known analyst spoil the party with a downgrade. The reverse also is true, as was the case this week with some healthcare real estate investment trusts (REITs). Over the past three trading days, healthcare REITs have been the worst-performing REIT subsector. Six healthcare REITs lost between 4% and 11.5%. Eleven more healthcare REITs are also in
( 34
min )
The 200-week and 200-day moving averages converge at $27,800, acting as an obstacle to further BTC price gains.
( 32
min )
What to make of the markets today? It seems that no matter where we look, the currents are pulling in two directions simultaneously. Recessionary forces, both inflation and higher interest rates, are running headlong into a remarkably resilient economy – but according to earnings results, we actually saw a mild recession early last year, and are in a recovery period. The conventional wisdom is no longer calling for a steep ‘double dip’ recession, but is predicting that growth will slow down shar
( 36
min )
If China Evergrande can’t strike a new deal with creditors, the property giant will risk a liquidation.
( 23
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In 2020, billionaire investor Ray Dalio famously claimed that "cash is trash." He later elaborated that cash is not safe because "it will be taxed by inflation." But as time passed, Dalio's view on cash has made a U-turn. "Temporarily, right now, cash I think is good ... and the interest rates are fine. I don't think it will be sustained that way," he said at the Milken Institute Asia Summit in Singapore last week. In the U.S., the Federal Reserve has implemented significant interest rate hikes
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Medicare Advantage and Medigap are two options when Original Medicare doesn't provide the right amount of coverage. Find out about Medicare supplement plans.
( 33
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Wall Street is less bullish about shares of agricultural-equipment maker Deere lately. Canaccord analyst Robert Burleson downgraded the stock Friday.
( 22
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The U.S. Federal Reserve has implemented 11 interest rate hikes in the last 18 months. While the Fed decided to leave its benchmark interest rates unchanged at its latest meeting, CNBC's Jim Cramer does not believe that the central bank is done with hawkish moves. "Labor's still tight, housing's tight, mortgage rates are high ... they've doubled and it hasn't affected housing at all. We have 3.8% unemployment, inflation rate close to 4% — the Fed's targeting 2%," Cramer said during Wednesday's "
( 32
min )
(Bloomberg) -- Banks are paying up to protect their cash holdings from sinking further and to safeguard against future runs on deposits, according to Bank of America Corp. Most Read from BloombergChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseAI Fantasy Fades as Wall Street Reels From Real-World Rate JumpRaw Meat-Eating Liver King And Other Health Influencers Face Mounting LawsuitsWhy Can’t Americans Buy Cheap Chinese EVs?Treasuries Halt Fed-Fueled Rout as Stocks Struggle: Markets W
( 33
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After a two-day drop, 30-year mortgage rates have roared higher. Surging almost a quarter of a point, the 30-year average has now set a new 22-year high.
( 20
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The U.S. stock market has seen robust growth in 2023, with the S&P 500 Index surging by 16%. But according to "Shark Tank" star Kevin O'Leary, it's not all sunshine and rainbows. "The S&P 500 employs 40% of America," he told Fox Business's Larry Kudlow in a recent interview. "Where the cracks are starting to show is in mainstream America where the car loans have gone from 5½% to 9½% and continue to go up." The U.S. Federal Reserve has implemented aggressive interest rate hikes to combat rampant
( 34
min )
Better bargains await in T-bills, REITs, BDCs, and energy stocks.
( 22
min )
One of the most important decisions in retirement is choosing how much to withdraw from your savings. You need to take out enough to meet your spending needs, but not so much that you end up running out of money. While there's no real consensus on a safe withdrawal rate, a recent report from Edward […] The post How Much Should I Withdraw From My Retirement Account? Edward Jones Says Start With These Percentages appeared first on SmartReads by SmartAsset.
( 33
min )
While shortages and insurance mix-up are a pain for patients, things are looking up for vaccine makers.
( 22
min )
Shares of the chip-design company took off after its IPO. They have given up that gain, but investors should still be wary, according to Susquehanna.
( 22
min )
In a research report published on Friday, JPMorgan analyst Christyan Malek upgraded the entire global energy sector to an overweight rating, warning that the recent surge in oil prices could potentially drive Brent crude prices as high as $150 a barrel by 2026. This prediction is based on factors such as capacity shocks in the near to medium term, an energy "supercycle", and an ongoing transition away from hydrocarbons.
( 33
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The problem isn't the outlook for earnings at utilities and makers of consumer staples. Higher yields on Treasury debt are hurting the shares.
( 22
min )
Historically, the 10-year U.S. Treasury yield has peaked around the Federal Reserve's last hike of the cycle. That's coming soon.
( 22
min )
In a big shift, anyone who took in more than $600 a year from reselling tickets could be in for a tax surprise.
( 24
min )
Wayfair upgraded, Deere downgraded: Wall Street's top analyst calls
( 33
min )
Wells Fargo is still trying to move beyond the 2016 fake account scandal. It's harder than it looks.
( 30
min )
Overall, this year has seen a solid turnaround from last year’s losses. The S&P 500 and the NASDAQ are both showing year-to-date gains, of 16% and 27% respectively. That holds, even as the last few weeks have been disappointing; the S&P is down ~4% this month, and the NASDAQ is down 6%. One thing is clear: tech stocks powered the year’s gains, riding high on the surge of interest in artificial intelligence tech, AI, which burst into prominence with ChatGPT’s release last November. AI has transfo
( 36
min )
Citi analyst Ronald Josey has opened a '90-day Positive Catalyst Watch' on the social-media company's shares.
( 22
min )
Researchers asked ChatGPT to rate itself on how well it could perform different job skills. It's responses were illuminating.
( 32
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Canadian steel maker Stelco is considering a bid for United States Steel, Bloomberg News reported. That's odd.
( 21
min )
The Russian leader has attempted to shield the worst effects of the war from his countrymen, but prices for the fuels have been reaching record levels domestically.
( 33
min )
The nation’s biggest automakers – and car buyers everywhere -- will learn Friday whether the United Auto Workers union will escalate its strike over a demand for higher wages, a shorter work week and other benefits. UAW President Shawn Fain is expected to announce whether the union will expand a weeklong strike that has so far been limited to three plants – one each at Ford, General Motors and Stellantis. Fain said earlier this week he would call on workers at more plants to strike unless there was significant progress in contract negotiations with the carmakers.
( 35
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Chris Rondeau, former CEO of Planet Fitness, says he doesn't know why he was asked to step down.
( 34
min )
The Vietnamese electric vehicle start-up reported a second-quarter net loss of about $514 million from sales of about $307 million.
( 22
min )
↗️ Microsoft (MSFT), Activision Blizzard (ATVI): A modified deal by the software giant to buy the videogame publisher was [cleared by the U.K.'s antitrust authority](https://www.wsj.com/tech/mic
( 23
min )
Exxon Mobil Corp. (NYSE:XOM) is poised to benefit from a substantial 30% rise in oil prices in Q3, with futures for West Texas Intermediate (WTI) oil for November 2023 escalating from $69.23 per barrel on June 23 to around $90 currently. This increase could potentially trigger a significant rise in Exxon's stock.
( 33
min )
European Union antitrust enforcers slapped Intel on Friday with a fresh $400 million fine in a long-running legal fight that the chipmaker appeared to have won last year. The European Commission imposed the 376.4 million-euro fine after a court threw out an original 1.06 billion-euro penalty issued in 2009 over allegations that the Santa Clara, California-based company used illegal sales tactics to shut out smaller rival AMD. The commission, the 27-nation bloc's top antitrust watchdog, accused Intel of abusing its dominant position in the global market for x86 microprocessors with a strategy to exclude rivals by using rebates and sales restrictions.
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“I don’t think I’ve discovered fire," Rowan says, sipping a barista cappuccino from a paper cup. "I think we’re just logically looking at trends, and we’ve picked a really, really big market that’s got the best future in the world of credit.”
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(Bloomberg) -- The Luksic family, South America’s wealthiest with a combined fortune of about $25 billion, is reaping the benefits of a bet on global shipping and port logistics more than a decade after it first entered the industry.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseMcCarthy Ambushed as Republican Hardliners Change Course on S
( 34
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The United Auto Workers union has threatened to expand its strike against the Big Three automakers on Friday, Microsoft’s acquisition of Activision Blizzard is closer to being cleared, and Scholastic falls sharply after a wider-than-expected loss.
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min )
History suggests that the central bank’s expected scenario isn’t likely to happen.
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min )
The U.K. regulator said a new restructured deal substantially addresses its concerns over cloud gaming.
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(Bloomberg) -- Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., is planning to file for its Hong Kong initial public offering as soon as next week, according to people familiar with the matter, potentially making it among the first of the Chinese tech firm’s units to go public.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners C
( 33
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(Bloomberg) -- Chinese stocks rallied Thursday, running against the grain of declines across the region, while the 10-year Treasury yield touched the highest level in 16 years in a sign investors expect higher US interest rates to endure.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners Change Course on Spending PlanWall Street Trading Roiled by ‘Post-Fed Han
( 34
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(Bloomberg) -- Investors are dumping equities at the fastest pace since December as the prospect of higher-for-longer interest rates raises the risk of a recession, Bank of America Corp. strategists say.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners Change Course on Spending PlanChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseWall Street Tradin
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When Lachlan Murdoch, the eldest son of media titan Rupert Murdoch, was named the sole chairman of News Corp Thursday, the announcement put to rest immediate questions about who will run News Corp and Fox Corp: a sprawling media empire that includes some of the most powerful brands in the world. But the executive transition does not settle another potential power play that could occur upon Rupert Murdoch’s death, as framed by a document called the Murdoch Family Trust. It is the vehicle through which the elder Murdoch controls News Corp and Fox Corp, through a roughly 40% stake in voting shares of each company.
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Historically, the 10-year U.S. Treasury yield has peaked around the Federal Reserve's last hike of the cycle. That's coming soon.
( 22
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(Bloomberg) -- Bill Ackman remains short bonds and expects long-term rates to rise further amid increasing government debt, higher energy prices and the cost of shifting to green power.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners Change Course on Spending PlanWall Street Trading Roiled by ‘Post-Fed Hangover’: Markets Wrap‘Dead Space’ Co-Creator Departs S
( 31
min )
Find out how stagflation is measured, what factors contribute to it, and how to protect your finances.
( 23
min )
A broad form property damage endorsement removes the exclusion of property under the care of the insured in a contractor's general liability policy.
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min )
It is possible to get a $100,000 personal loan, but it’s difficult. Even the best personal loan providers don’t typically offer loans of more than $50,000.
( 22
min )
With instant personal loans, you may be able to get your funds on the same day you apply for the loan. However, a number of factors can delay the process.
( 22
min )
Today's best CD rate is 5.80%, available from Credit Human for a take-your-pick term between 12 and 17 months, or from The Federal Savings Bank for a 1-year term.
( 19
min )
Universal healthcare coverage systems are set up to ensure that all legal residents of a given jurisdiction have health insurance.
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min )
Goldman Sachs analysts say that credit card losses are rising and expect they will continue to do so as late as 2025.
( 17
min )
The SEC fined Citadel Securities $7 million for mismarking short sale and long sale orders over a five-year period.
( 16
min )
The Big Mac index was created by The Economist to measure purchasing power parity between nations, using the price of a Big Mac as the benchmark.
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U.S. equities gave up early gains, with the S&P 500 falling 0.2% on Friday amid concerns about higher interest rates following this week's Fed comments.
( 16
min )
IOTA's network was hacked in 2018, and $4 million of its cryptocurrency, MIOTA, was stolen. Here's what the developers recommend for keeping your crypto safe.
( 20
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The remarks by two officials followed a meeting Wednesday in which the central bank held the fed funds rate steady, maintaining a 22-year high.
( 19
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If lawmakers don’t pass a budget or extend the deadline to do so, the government could shut down on Oct. 1—hurting the economy in several ways, some of them not so obvious.
( 20
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The Commerce Department released its final guidelines for Chips Act funding designed to make sure that up to $52 billion in federal incentives don’t wind up benefiting China or other competitor nations.
( 18
min )
The SEC fined Goldman Sachs $6 million for failing to provide complete and accurate trading information.
( 17
min )
The S&P 500 Index (Standard & Poor's 500 Index) is a market-capitalization-weighted index of the 500 leading publicly traded companies in the U.S.
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When buying a second home, you may need vacation home insurance. Learn how second home insurance works and when you need it.
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min )
Chartered Marketing Analyst (CMA) is a certificate awarded by the GAFM Global Academy of Finance and Management.
( 19
min )
Medicare Advantage and Medigap are two options when Original Medicare doesn't provide the right amount of coverage. Find out about Medicare supplement plans.
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min )
A CFPB proposal could remove medical bills from Americans’ credit reports. If finalized, the change could make it easier for Americans with medical debt to take out loans and receive credit cards.
( 17
min )
A ceiling is the maximum permitted level in a financial transaction. The term can be applied to a variety of factors from debt to interest rates and credit limits.
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min )
The Obelisk consensus algorithm uses different network nodes for consensus and block creation. Learn more about it and how it works.
( 21
min )
An equalization payment is usually made to a state, province, or individual from the federal government to offset economic or fiscal imbalances.
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min )
A stockbroker is an agent or firm that charges a fee or commission for executing buy and sell orders for an investor.
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U.S. equities advanced at midday on Friday, Sept. 22, 2023 after a U.S. government decision on chip funding, though the market was on track for a losing week.
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A bull call spread is an options strategy designed to benefit from a stock's limited increase in price.
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The United Auto Workers expanded the scope of its strikes at GM and Stellantis plants, but not Ford amid reported progress in negotiations.
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A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions.
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After a two-day drop, 30-year mortgage rates have roared higher. Surging almost a quarter of a point, the 30-year average has now set a new 22-year high.
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The K-Percent Rule, proposed by economist Milton Friedman, states that the central bank should increase the money supply by a set percentage every year.
( 19
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Seagen shares jumped to an all-time high Friday after news that a joint late-stage trial of a combination of their experimental bladder cancer drug with Merck's Keytruda achieved positive results.
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How does the Federal Reserve System affect ordinary citizens? In more ways than you might realize.
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AstraZeneca ADSs rose after reporting its experimental breast cancer treatment made with Japanese partner Daiichi Sankyo showed positive high-level results in a Phase 3 trial.
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min )
Both the law of diminishing marginal returns and returns to scale measure output as a result of changes in input.
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A pure play is a company that invests in one line of business, so its stock performance correlates highly to the performance of its sector.
( 21
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Amazon on Friday said Prime Video shows and movies will have limited advertisements starting in 2024, as the company seeks to boost profitability and continue investing in the platform.
( 18
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American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.
( 21
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The European Economic Area (EEA) Agreement is an agreement made in 1992 that brought together the European Union (EU).
( 23
min )
When the terms premium and discount are used for bonds, they are telling investors whether the purchase price of the bond is above or below its par value.
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Find out whether a fund's performance is a result of the manager's abilities or just a fluke.
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High consumer appetite, especially for the more expensive models of iPhone 15 during holiday season, eases concerns about the slump in the global smartphone market.
( 18
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Tax-free spinoff refers to a corporate action in which a publicly traded company spins off one of its business units as an entirely new company.
( 20
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Microsoft's modified proposal to win regulatory approval for its plan to buy Activision Blizzard was provisionally accepted by the U.K.'s Competition and Markets Authority.
( 18
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U.K. regulators gave preliminary approval of Microsoft’s $75 billion proposed acquisition of Activision and the United Auto Workers is threatening to expand its strike against the “Big Three” automakers if a deal isn’t reached. Here’s what investors need to know today.
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Not all doctors accept Medicare for the patients they see. Here are five options to consider if you find out your doctor doesn’t take it.
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There are four Medicare parts: A, B, C, and D. Learn what each Medicare part covers—including hospital, medical, and prescription drug coverage.
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Don’t pay for a plan that won’t cover your pearly whites when you need it to.
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Pink slip is a vernacular term that refers to a notice of dismissal given to an employee.
( 22
min )
The Medicare hold harmless provision keeps Social Security benefits from decreasing year over year as a result of higher Medicare Part B premiums.
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Tariffs are used and levied by domestic governments to protect domestic industries.
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min )
De Tweede Kamer heeft besloten de accijnsverhoging van januari 2024 met een jaar uit te stellen. Daarmee willen Kamerleden voorkomen dat de prijzen aan de pomp de pan uit rijzen. Toch vind je in Nederland de duurste benzine van Europa. Hoe zit dat?
( 3
min )
De vrijdag begonnen stakingen bij autofabrieken van General Motors (GM) en Stellantis in de Verenigde Staten worden uitgebreid. Daarmee wordt het werk neergelegd in nog eens 38 fabrieken, verspreid over twintig Amerikaanse staten.
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Piloten van KLM hebben aangekondigd dat ze maandag één uur gaan staken op luchthaven Schiphol. Met de actie willen ze KLM onder druk zetten voor betere arbeidsvoorwaarden.
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De James Webb-telescoop heeft op de Jupitermaan Europa koolstof gevonden. Dat is een belangrijk element dat leven mogelijk maakt. Maar hoe kan de ruimtekijker op zo'n grote afstand zien welke stoffen op andere planeten en manen aanwezig zijn?
( 3
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ING en ABN AMRO zijn vrijdag onderuitgegaan op de Amsterdamse beurs. Dat gebeurde nadat de Tweede Kamer het voorstel om de bankenbelasting te verhogen had goedgekeurd. De opbrengst van die belasting wordt gebruikt om huishoudens met lagere inkomens te steunen.
( 5
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Inwoners van Wijk aan Zee leven gemiddeld 2,5 maand korter door de huidige uitstoot van Tata Steel, blijkt vrijdag uit nieuw onderzoek. Daarin legt het RIVM een direct verband tussen de uitstoot van de staalfabriek in IJmuiden en de gezondheid van omwonenden.
( 8
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ING en ABN AMRO zijn vrijdag onderuitgegaan op de Amsterdamse beurs. Dat gebeurde nadat de Tweede Kamer het voorstel om de bankenbelasting te verhogen had goedgekeurd. De opbrengst van die belasting wordt gebruikt om huishoudens met lagere inkomens te steunen.
( 4
min )
Inwoners van Wijk aan Zee leven gemiddeld 2,5 maand korter door de huidige uitstoot van Tata Steel, blijkt vrijdag uit nieuw onderzoek. Daarin legt het RIVM een direct verband tussen de uitstoot van de staalfabriek in IJmuiden en de gezondheid van omwonenden.
( 8
min )
De proef waarbij huurders extra geld kunnen lenen om voor dezelfde maandlasten over te stappen naar een koophuis is beëindigd. Door de stijgende hypotheekrente is het voor veel duurhuurders helemaal niet meer voordeliger om de overstap te maken, ook niet met een beetje hulp.
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min )
De soap rond de miljardenboete die de Europese Unie in 2009 aan Intel oplegde voor concurrentievervalsing is nog niet voorbij. Die boete werd in 2022 nietig verklaard, maar de EU legt Intel nu een boete van 376 miljoen euro op.
( 4
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Door een stijging van de lonen en uitkeringen konden we afgelopen kwartaal 1,4 procent meer uitgeven dan een jaar eerder. Dat meldt statistiekbureau CBS, die daarbij rekening houdt met de inflatie.
( 3
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Minder studenten hebben dit jaar een lening aangevraagd om te kunnen studeren. De studenten die dat wél doen, lenen veel minder.
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De Nederlandse economie kromp vorig kwartaal met 0,2 procent. Dat is iets minder dan de 0,3 procent die statistiekbureau CBS eerder naar buiten bracht. Dit kwam vooral doordat er meer internationale handel was dan eerder becijferd.
( 3
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Onderzoekers zijn enthousiast over een vondst op de maan Europa, een van de manen van Jupiter. De James Webb-telescoop vond daar koolstof, een belangrijke voorwaarde voor leven, schrijft de Europese ruimtevaartorganisatie ESA.
( 3
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Door een stijging van de lonen en uitkeringen konden we afgelopen kwartaal 1,4 procent meer uitgeven dan een jaar eerder. Dat meldt statistiekbureau CBS, die daarbij rekening houdt met de inflatie.
( 3
min )
Minder studenten hebben dit jaar een lening aangevraagd om te kunnen studeren. De studenten die dat wél doen, lenen veel minder.
( 4
min )
De Nederlandse economie kromp vorig kwartaal met 0,2 procent. Dat is iets minder dan de 0,3 procent die statistiekbureau CBS eerder naar buiten bracht. Dit kwam vooral doordat er meer internationale handel was dan eerder becijferd.
( 3
min )
In recent years, the online content subscription platform OnlyFans has seen a meteoric rise in popularity, transforming the way creators monetize their content and, in the process, creating a new generation of high earners and millionaires. With fortunes made in a matter of months, many of these content creators are now seeking savvy investment opportunities to grow and secure their wealth. In this article, we’ll explore where these OnlyFans stars are choosing to invest their money, including re
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A federal judge in Texas on Thursday rejected a bid by 25 states to block a Biden administration rule allowing employee retirement plans to consider environmental, social and governance (ESG) issues in investment decisions. U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas, declined to block the rule, which took effect Jan. 30. The judge granted a petition by President Joe Biden's administration to dismiss the Republican-led states' lawsuit claiming the rule will jeopardize millions of Americans' retirement savings.
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Energy investors don’t share the enthusiasm of hedge funds and speculators, which have become the most bullish in nearly two years as oil equities are lagging behind soaring crude prices.
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Today's best CD rate is 5.80%, available from either The Federal Savings Bank for a 1-year term or Credit Human for a take-your-pick term between 12 and 17 months.
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The U.S. Treasury Department’s sanctions enforcer said a 3M subsidiary sold products to a German reseller knowing they were destined for an Iranian customer.
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Several factors can shrink your monthly Social Security benefits payment. Here are three of the most common.
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Speculators have amassed $600 billion in net short positions in U.S. Treasury futures, a leveraged trade that poses possible wider bond market risks if there's a government shutdown.
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Media magnate Rupert Murdoch on Monday announced that he would be stepping down as the leader of both Fox News' parent company and his News Corp media holdings — with his son, Lachlan, set to take his place. Through his decades-long career, Murdoch, 92, built an empire — beginning with his father's newspaper in Adelaide, Australia — and became a multibillionaire. In the U.S., his creation of Fox News has notably influenced American politics, making Murdoch a hero to some and pariah to others.
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Baby boomers' stocks and houses gained value for years due to low interest rates, and now they can earn 5% from Treasury bills, Larry McDonald said.
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CS Disco CEO, Kiwi Camara, has been ousted after allegedly groping a young female worker and shoving meat into her face.
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Two long-delayed refineries outside the U.S. are set to ramp up production, pumping out about 1 million more barrels a day of fuel.
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(Bloomberg) -- Hedge fund billionaire John Paulson used a sham purchase of a luxury penthouse apartment in Puerto Rico to improperly enrich himself by $10 million at the expense of his family trust, his wife claims in a suit accusing him of hiding billions of dollars in assets during their divorce.Most Read from BloombergIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsEx-Goldman Bankers Make a Fortune With Controversial Bet on Coal‘Dead Space’ Co-Creator Departs Startup After Newest Ga
( 33
min )
Investors should watch the $260 level for the EV maker's share price. A close below that could mean additional declines.
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min )
The deal will immediately boost earnings—and it provides some new growth options for Splunk.
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The current strike will likely reset the domestic bar on labor costs.
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min )
Massive net-lease REIT W.P. Carey plans to exit the office space – and it may just create some opportunities in Dallas-Fort Worth and across Texas.
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Even by the standards of electric-vehicle startups, the $40 billion market value of Vietnamese electric-vehicle startup VinFast is wild. The good news for investors is that the stock is about to get easier to be
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min )
The $19 billion transaction was was approved at a unit holder meeting Thursday, despite some investor opposition to the deal.
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The sale had come under scrutiny with one of the top holders in Magellan, Energy Income Partners LLC, saying in June that it would vote against the deal, due to a burdensome tax structure. Independent proxy advisory firms Glass Lewis & Co and ISS had recommended a vote in favor of the sale. Magellan, in its proxy, cautions that the merger is not conditioned on the compensation vote and that if the acquisition is approved, the executive compensation is payable.
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Some of the shine is wearing off shares of Nvidia and other U.S. semiconductor companies after a stunning 2023 rally, as investors weigh steep valuations, rising Treasury yields and signs of industry unease. Chip stocks soared to start the year, with the Philadelphia SE Semiconductor index rising over 50% through July. No stock symbolized the chip industry's success more than Nvidia, whose shares tripled in 2023 as the company's market value topped $1 trillion, driven by excitement over the central role of the company's products in artificial intelligence applications.
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(Bloomberg) -- Bond investors’ pain isn’t over yet, even though the Federal Reserve is done raising interest rates, said Bill Gross, the former chief investment officer of Pacific Investment Management Co.Most Read from BloombergIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsEx-Goldman Bankers Make a Fortune With Controversial Bet on Coal‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldIn an investment outl
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min )
The S&P 500's monthslong drop turned into a nosedive in the past week. The index could tumble 7% to 4075.
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min )
Shares of Cisco Systems fell nearly 4% in early trading after the networking-equipment company announced a $28 billion deal to buy analytics-and-security software company Splunk.
Splunk
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min )
Enphase Energy upgraded, Brighthouse downgraded: Wall Street's top analyst calls
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Since coming on the scene, cryptocurrencies have fired the imaginations of online traders, currency speculators, and mathematicians alike. The leading digital currency, bitcoin, is currently priced at approximately $26,550 per coin, representing a ~60% increase year-to-date. And it looks like bitcoin will see a strong upward pressure on that price over the next year. The bitcoin algorithm has a built-in halving mechanism, whereby the reward given to miners for solving a blockchain link is cut in
( 35
min )
(Bloomberg) -- Oil erased an earlier decline after Russia said it would ban gasoline and diesel exports from Thursday. Most Read from BloombergIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsEx-Goldman Bankers Make a Fortune With Controversial Bet on Coal‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldBrent futures traded little changed above $93 after earlier falling as much as 1.4%. Diesel futures in Euro
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min )
Networking-equipment giant Cisco Systems has struck a $28 billion deal to buy analytics and security software company Splunk.
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Seaport analyst Tom Curran upgraded shares of solar-tech firm Enphase to Buy from Neutral, and set a $185 price target—about 50% above the current market price.
( 22
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Cisco is buying the cybersecurity firm Splunk in a $28 billion deal as it bolsters its defenses against potential security threats that may be heightened by the widening use of artificial intelligence. The Silicon Valley tech giant will pay $157 per Splunk Inc. share. “Our combined capabilities will drive the next generation of AI-enabled security and observability,” Cisco Chair and CEO Chuck Robbins said in a prepared statement.
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Cisco Systems will acquire the cybersecurity and data analytics company for $157 a share in cash.
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Cisco Systems said on Thursday it would acquire cybersecurity company Splunk for about $28 billion. Cisco's offer price of $157 per share in cash, represents a premium of about 31% to Splunk's closing price on Wednesday. Upon the closing of the deal, Splunk CEO Gary Steele will join Cisco's executive leadership team reporting to Cisco CEO Chuck Robbins.
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Google executives have had extensive discussions about dropping Broadcom as a supplier of artificial-intelligence chips as early as 2027, according to a report.
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A major change coming in 2027 could boost the retirement savings of millions of lower- and middle-income Americans. The federal government will start matching 50% of retirement account contributions up to $2,000 per year through the new Saver’s Match program. This money injects funds directly into savers’ accounts rather than simply reducing tax bills. For […] The post The Federal Government Will Match Your Retirement Plan Savings By 50%. Here's Who Qualifies. appeared first on SmartReads by Sma
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FedEx reports better-than-expected fiscal first-quarter earnings, Klaviyo shares decline after the stock rises 9% in its trading debut, and KB Home posts an earnings beat and raises its fiscal-year revenue forecast.
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min )
(Bloomberg) -- Canada, home to the world’s third-largest crude deposits, is poised to reshuffle global oil flows next year.Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsCanada Pulls Diplomats, India Suspends Visas in Escalating FightPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingThe nearly completed expansi
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The family of a man who died after driving his car off a collapsed bridge while following directions from Google Maps is suing the technology giant for negligence.
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Alphabet-owned Google's executives have discussed dropping Broadcom as a supplier of artificial intelligence (AI) chips as early as 2027, The Information reported on Thursday.
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(Bloomberg) -- Stocks in Asia fell and the dollar strengthened Thursday after the Federal Reserve signaled interest rates will be higher for longer.Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseStocks Fall as Yields Rise on Fed’s ‘Hawkish Skip’: Markets WrapBe
( 34
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An ex-Alameda employee claims a trader at the firm punched in a wrong decimal which led to bitcoin's 87% drop on Binance.US in 2021.
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Utilities have been staggered by rising bond yields and interest rates. Now we’re closer to the end of that regime than the beginning.
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As China's stock market struggles to recover, regulators have started to probe some hedge funds and brokerages on quantitative trading strategies amid a growing outcry against a sector able to profit from share price falls and volatility, sources said. The China Securities Regulatory Commission (CSRC) has checked with several major brokers over the past weeks about short-selling activities and trading strategies of their quant clients - funds that trade rapidly using derivatives and data-driven computer models, two people with direct knowledge of the probe said. Separately, the Shanghai and Shenzhen stock exchanges, under the CSRC's guidance, have sought information from major quant funds on their money-making strategies, another source said.
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Four years after it was created, Truist Financial is finally dealing with the issues that have damaged it. The case for investing now.
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(Bloomberg) -- While Chinese tech companies have long harbored ambitions to move into the electric car industry, EV upstart Nio Inc. has gone the other way — on Thursday releasing its first mobile phone. Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseNearly Half of All Young Adults Live With Mom and Dad — and They Like ItSto
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min )
Shares of companies that treat everything from Type 2 diabetes to sleep apnea have been sinking since new weight-loss medications skyrocketed.
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(Bloomberg) -- Apple Inc.’s major suppliers in Taiwan suffered another double-digit sales decline in August as weak consumer demand dragged down the wider electronics industry.Most Read from BloombergPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the Making‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseStocks Fall as Yields Rise on Fed’s ‘H
( 32
min )
Discover how Warren Buffett spends his multibillion-dollar fortune and amassed his $134 billion net worth, which grew by over $16 billion this year.
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min )
Debt-free co-workers say they made sacrifices and smart choices, and they have little patience for sob stories.
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min )
Here's what United Auto Workers members make, plus CEO compensation of the Detroit 3 execs.
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min )
Explore gold mine grading, what defines a high-grade gold mine, and where the highest-graded mines in the world are found.
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min )
A qualifying event allows you to change an existing health insurance policy, or sign up for a new one, outside of open enrollment periods.
( 19
min )
Medicare tax is a federal employment tax that funds a portion of the Medicare insurance program.
( 22
min )
Today's best CD rate is 5.80%, available from either The Federal Savings Bank for a 1-year term or Credit Human for a take-your-pick term between 12 and 17 months.
( 19
min )
You can get a personal loan while you are still in your repayment period for Chapter 13 bankruptcy, but it’s difficult. Learn how regulations vary between states,
( 23
min )
You can use a personal loan to pay for a wedding or any wedding-related cost, before or after your wedding. Learn how personal loans work and what they can cover.
( 22
min )
Personal loans are among the types of financial product veterans can get, although there are no personal loans specifically designed for disabled veterans.
( 23
min )
Several factors can shrink your monthly Social Security benefits payment. Here are three of the most common.
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min )
When you turn 65, you have to decide whether or not to enroll in Medicare. This guide provides answers for people who are still employed.
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It may look like an arcade game, but the “dot plot” and other charts released by the Federal Reserve hold clues to how much you’ll pay for a mortgage, and even how likely it is you’ll be laid off.
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min )
Speculators have amassed $600 billion in net short positions in U.S. Treasury futures, a leveraged trade that poses possible wider bond market risks if there's a government shutdown.
( 19
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Sovereign defaults occur when a nation can't pay its debts and is technically bankrupt, and they're more common than you might think. Learn more about their impact.
( 24
min )
If your job involves a lot of communications, math, or finance, it could be vulnerable to being disrupted by AI, if it hasn’t already.
( 18
min )
Tesla and foreign automakers could gain from the Big Three’s losses amid the UAW strike, according to Wedbush analysts.
( 17
min )
U.S. equities tumbled, with the S&P 500 falling 1.6% on Thursday, Sept. 21, 2023 amid concerns about rising interest rates following the Fed's comments Wednesday indicating that interest rates could stay higher for longer.
( 16
min )
The national debt is the total that a country owes to its creditors. This includes debt held by the public and intragovernmental debt in the United States.
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The collapse in demand for commercial office space spawned by the pandemic-related rise in "work from home" led real estate investor W.P. Carey to exit the business entirely.
( 17
min )
Microsoft has announced that its AI-driven "Copilot" tool is set to ship to users in the next two weeks for $30 per month.
( 18
min )
Kondratiev Wave is a long-term economic cycle, believed to result from technological innovation, that produces a long period of economic prosperity.
( 20
min )
Buying an engagement ring is a major step in a relationship. If you don’t have money saved up, you may want to get a personal loan to buy an engagement ring.
( 22
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When a government spends more than it brings in as tax revenue, it often must issue debt in the form of government bonds to raise more. Learn how national debt works.
( 25
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The reasons for a delay in getting your tax refund can range from incorrect information on your tax forms to a debt offset or even identity theft.
( 25
min )
Shares of Raymond James Financial declined after the financial firm reported a drop in client assets under management in August, which it blamed on falling stock prices.
( 17
min )
Evolutionary economics proposes that economic processes evolve and are determined both by individuals and society as a whole.
( 19
min )
Governments have options to reduce national debt, which include raising taxes and cutting spending.
( 24
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An X-mark signature is made by a person who is unable to append a full signature to a document due to illiteracy or disability.
( 19
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A direct consolidation loan is a type of direct loan that combines two or more federal education loans into a single loan.
( 24
min )
Broadcom shares dipped on news Google could move to in-house TPUs as early as 2027 as the scramble for AI market share intensifies.
( 17
min )
The Low Income Home Energy Assistance Program (LIHEAP) offers utility bill assistance for low-income people. Learn how LIHEAP works and who benefits.
( 22
min )
The U.S. debt grows every year. How does national debt affect you?
( 25
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The White House and Supreme Court have taken opposing positions on student loan forbearance. Learn what's in store for student borrowers with the SAVE plan.
( 24
min )
U.S. equities sank at midday on Thursday, Sept. 21, 2023 after the Fed suggested interest rates would likely remain higher for longer and weekly unemployment claims dropped.
( 16
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The Bank Panic of 1907 was a set of bank runs and bankruptcies that led industry leaders to draft the first version of the Federal Reserve System.
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The U.K. bank rate is currently at its highest since 2007, and any hike will especially hurt homeowners because British mortgages typically only have fixed rates for five years, as opposed to the 30 years common in the U.S.
( 18
min )
The CME FedWatch Tool provides the probabilities for Fed rate changes. The tool is based on prices for fed funds futures.
( 23
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A student loan consolidation can save you money on your student loans, but there are some pros and cons to consider.
( 25
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CrowdStrike Holdings boosted its outlook for subscription gross margin and operating margin over the next three to five years as demand for protections against cyber attacks grows.
( 17
min )
Our comparison of Costco vs. Sam’s Club reveals some similarities and surprising differences in pricing, products, services, membership fees, and savings.
( 26
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FedEx shares jumped after reporting better-than-expected profit as it cut costs and gained customers from rivals.
( 17
min )
Existing home sales dropped 0.7% in August to a seven-month low amid high prices and mortgage rates, and low inventory, a National Association of Realtors report showed.
( 18
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Student debt refers to loans used to pay for college tuition and repaid after the student graduates or leaves school.
( 24
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Learn about the various types of life insurance (term life, whole, universal variable, and final expense) and how to decide which is best for you.
( 28
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Unlike term life insurance, whole life policies cover you for life and let you build savings in a cash value that you can tap for future needs.
( 26
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Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component.
( 30
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Nio launched a smartphone that can be used with its cars, as the Chinese EV maker struggles to boost revenue.
( 17
min )
Cisco Systems will buy cybersecurity software company Splunk for $157 per share in cash, or approximately $28 billion in equity value, in a move that analysts see as an "aggressive strategic play in cybersecurity."
( 17
min )
OpenAI unveiled Dall-E 3, the latest iteration of its text-to-image AI tool that integrates with ChatGPT prompts, has better risk mitigation, and provides more elaborate images, as the competition to provide more sophisticated AI tools heats up.
( 17
min )
A noncancellable insurance policy can't be canceled by an insurance company, nor can premiums be increased or benefits reduced while you pay premiums.
( 21
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A subject offer is one that is intended to be informational in nature. It doesn't represent a firm commitment to sell but is subject to a counteroffer.
( 21
min )
Working a second job can bring in more money, but the costs of that second job need to be considered.
( 19
min )
A nontariff barrier is a trade restriction–such as a quota, an embargo, or a sanction–that countries use to further their political and economic goals.
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Stock compensation refers to the practice of rewarding employees with stock options that will vest, or become available for purchase, at a later date.
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Medicare supplement insurance, also known as Medigap, is private insurance sold to complement original Medicare coverage.
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De prijzen van koopwoningen zijn vorige maand opnieuw iets gestegen ten opzichte van de maand ervoor. Wel zijn de prijzen beduidend lager dan een jaar eerder.
( 3
min )
Ambulancemedewerkers kunnen uitkijken naar een loonsverhoging van 15 procent over 24 maanden. Dat is de uitkomst van de onderhandelingen tussen vakbonden FNV Zorg & Welzijn, CNV Zorg & Welzijn en Ambulancezorg Nederland.
( 3
min )
De Tweede Kamer wil de geplande verhoging van de brandstofaccijns met een jaar uitstellen. Daarmee wil de Kamer voorkomen dat automobilisten volgend jaar meer gaan betalen aan de pomp. Ook moet de energiebelasting met 200 miljoen euro omlaag.
( 4
min )
De 'graanruzie' tussen Polen en Oekraïne escaleert. Behalve dat Polen geen Oekraïens graan toelaat in het land, kondigde de Poolse premier Mateusz Morawiecki donderdag aan geen wapens meer te leveren aan Oekraïne. Wat is er aan de hand?
( 4
min )
De Tweede Kamer wil niet dat het openbaar vervoer volgend jaar duurder wordt. Vrijwel alle partijen roepen het demissionaire kabinet op de verwachte prijsstijgingen in het regionaal ov en bij de NS te voorkomen.
( 4
min )
Het planetarium van Eise Eisinga in het Friese Franeker wordt druk bezocht sinds het dinsdag de UNESCO-werelderfgoedstatus heeft gekregen, zegt directeur Adrie Warmenhoven. Het aantal bezoekers is sindsdien verdubbeld.
( 3
min )
Na een serie van veertien renteverhogingen in strijd tegen de hoge inflatie heeft de Bank of England besloten om de rente nu toch onveranderd te laten. Hiertoe besloot de Amerikaanse Federal Reserve woensdag ook al.
( 4
min )
Tientallen supermarkten vinden dat ze in juni te weinig vergoeding hebben gekregen voor het inzamelen van statiegeldflessen en -blikjes. Ze willen daarom een aanvullende compensatie van Statiegeld Nederland. Dat bevestigt de organisatie na berichtgeving van de NOS.
( 3
min )
Bewindvoerders van BCC hebben een faillissement aangevraagd, meldt RTL Nieuws. Vanwege oplopende kosten en bezuinigingen door klanten valt het doek nu voor de elektronicaketen.
( 3
min )
Schiphol gaat met zijn zes bagageafhandelaars aan de slag om het werk in de bagagehallen lichter te maken. De partijen hebben een gezamenlijk plan ingediend bij de Nederlandse Arbeidsinspectie.
( 3
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Nederlandse vissers lijden ook in 2023 verlies. Dat komt vooral door de hoge brandstofprijzen. Die zijn weliswaar wat gedaald ten opzichte van de pieken in 2022, maar nog steeds te hoog om het vissen winstgevend te maken.
( 4
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De Fremantle Highway, waarop eind juli brand uitbrak, verlaat donderdag de Eemshaven. Het vrachtschip, dat was volgeladen met auto's, wordt eerst naar Rotterdam versleept en zal bij scheepsbouwer Damen afmeren.
( 4
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Automaker Volvo zal binnenkort geen dieselauto's meer produceren. Het bedrijf heeft aangekondigd dat begin 2024 de laatste auto die op diesel rijdt uit de fabriek rolt. In 2030 zal Volvo alleen nog maar elektrische auto's produceren.
( 3
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Nederlandse vissers lijden ook in 2023 verliezen. Dit komt vooral door hoge brandstofprijzen. Die zijn weliswaar wat gedaald ten opzichte van pieken in 2022 maar nog te hoog om winstgevend uit te varen op zoek naar vissen en garnalen.
( 4
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Schiphol gaat de komende tijd samen met de zes bagageafhandelaars aan de slag om het werk in de bagagehallen lichter te maken. De partijen hebben een gezamelijk plan ingediend bij de Nederlandse Arbeidsinspectie.
( 3
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Polen, een van de belangrijkste bondgenoten van de Oekraïeners sinds de Russische invasie, stopt met het leveren van wapens aan Oekraïne. Het land richt zich alleen nog op de eigen verdediging, zei premier Mateusz Morawiecki woensdag.
( 5
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Dat de energieprijzen vorig jaar zo hard zijn opgelopen, kunnen we zelfs volgend jaar nog merken. Dit komt doordat bedrijven vaak met flinke vertraging hun eigen hogere energiekosten verwerken in hun prijzen, zegt De Nederlandsche Bank.
( 4
min )
De wachttijden voor operaties lopen op in Limburg. Dat komt door personeelstekorten in de operatiekamers.
( 3
min )
Vorige maand zaten 364.000 mensen werkloos thuis. Dat is 3,6 procent van de beroepsbevolking. Daarmee blijft het aantal werkzoekenden zonder baan zeer klein. Het aantal werkloze jongeren is in de afgelopen maanden wel wat gestegen.
( 3
min )
De kans dat KPN, Vodafone en Odido begin volgend jaar nieuwe 5G-frequenties kunnen gebruiken, is verkeken. De belangrijke 5G-veiling is opnieuw vertraagd. Telecomproviders balen van het uitstel; ze vrezen dat Nederland zijn status als land met de beste mobiele netwerken verliest.
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Het aantal klachten over ongewenste intimiteiten, vernedering, racisme, uitbuiting en pesten op de werkvloer is bij 10 procent van de Nederlandse bedrijven en organisaties toegenomen. Dat meldt adviesbureau Berenschot na onderzoek.
( 3
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Een groep Amerikaanse auteurs klaagt OpenAI, het bedrijf achter ChatGPT, aan. Zij zeggen dat het bedrijf onrechtmatig hun werk gebruikt om de AI-chatbot mee te trainen. Bekende schrijvers hebben zich bij deze groep gevoegd, zoals George R.R. Martin, de schrijver van de boeken van Game of Thrones.
( 3
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Het aantal klachten over ongewenste intimiteiten, vernedering, racisme, uitbuiting en pesten op de werkvloer is bij 10 procent van de Nederlandse bedrijven en organisaties toegenomen. Dat meldt adviesbureau Berenschot na onderzoek.
( 3
min )
De kans dat KPN, Vodafone en Odido begin volgend jaar nieuwe 5G-frequenties kunnen gebruiken, is verkeken. De belangrijke 5G-veiling is opnieuw vertraagd. Telecomproviders balen van het uitstel; ze vrezen dat Nederland zijn status als land met de beste mobiele netwerken verliest.
( 5
min )
CDs are already paying 20-year record rates, offering as much as 5.80%. But will they climb higher still? Today's Fed announcement provides some clues.
( 17
min )
Today's best CD rate is 5.80%, available from either Credit Human for a take-your-pick term between 12-17 months, or from The Federal Savings Bank for a 12-month term.
( 19
min )
The S&P 500 lost almost 1%, while the Dow and Nasdaq also fell on Wednesday, Sept. 20, 2023, after the Federal Reserve indicated it could raise interest rates again this year.
( 17
min )
The Department of Education has forgiven the federal student loans of University of Phoenix students who said they were misled by a 2012 ad campaign promising job opportunities.
( 17
min )
Klaviyo shares rose just over 9% on their first day of trading after the marketing automation firm priced its shares above its marketed range at $30.
( 18
min )
The Michigan Consumer Sentiment Index (MCSI) is a monthly survey that gathers information on American consumer expectations regarding the overall economy.
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min )
The U.S. Securities and Exchange Commission tightened rules to enforce greater alignment between a fund's name and its portfolio, in a move that could impact 75% of investment funds in the U.S. managing trillions of dollars in assets.
( 19
min )
A dragonfly doji is a candlestick pattern that signals a possible price reversal. The candle is composed of a long lower shadow and an open, high, and close price that equal each other.
( 23
min )
The Monetary Union Index of Consumer Prices (MUICP) is an aggregate measure of consumer inflation for all countries located in the Eurozone.
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Shares of Textron took off on Wednesday after the aircraft maker expanded its deal to sell planes to Berkshire Hathaway-owned private jet provider NetJets.
( 17
min )
If you’re waiting for interest rates on mortgages, car loans, credit cards, and other kinds of credit to fall significantly, don’t hold your breath.
( 18
min )
Most people (78%) support homebuilding as limited supply pushes home prices higher, but few have positive feelings about a new apartment complex in their neighborhood, according to a Redfin survey.
( 18
min )
Before committing to a purchase, buyers need to visualize a property as their future home. Skilled home staging can help them do that.
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While Amazon aims to bring on 250,000 seasonal employees, others employers aren’t raising hiring levels, and some haven’t even set targets yet. By one estimate, that could result in slowest holiday hiring since 2008.
( 19
min )
Asset allocation is the process of deciding where to put money to work in the market. It addresses your goals, your risk tolerance, and your investment horizon.
( 23
min )
Unions for workers at Apple's retail stores in France have called for a strike this weekend, just in time for the launch of the company's new iPhone 15.
( 17
min )
The Medicare Part B premium is a monthly fee parfticipants pay for subsidized insurance coverage of outpatient healthcare services.
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The Federal Reserve has passed up a chance to throw more sand into the economy’s gears, declining to hike its benchmark interest rate for a 12th time in its year-and-a-half-long battle against inflation.
( 19
min )
Battery electric vehicles (BEV) accounted for a record 21% of all new car registrations in the European Union (EU) in August, the European Automobile Manufacturers' Association (ACEA) said Wednesday.
( 19
min )
Boeing on Wednesday raised its demand outlook for China, which could bode well for the country's e-commerce retailers including Alibaba, JD.com, and Pinduoduo.
( 18
min )
U.S. equities were mixed and bond yields fell at midday on Wednesday, Sept. 20, 2023, ahead of the Fed's decision on interest rates.
( 18
min )
Shares of General Mills were lower Wednesday after the breakfast food giant's profit fell as it lost market share, especially in North America.
( 17
min )
Bank of America raised its outlook for the S&P 500 this year, in part because of anticipated benefits from artificial intelligence.
( 16
min )
If you’re looking for a flexible way to earn more interest on your savings, Fidelity Investment’s Cash Management Account offers a modest APY and unique perks worth considering.
( 22
min )
An exclusive listing is an agreement in which one real estate broker is authorized to act as the sole agent of the seller. Learn how exclusive listings work.
( 27
min )
Eli Lilly sued 10 medical spas, wellness centers, and compounding pharmacies across the U.S. for allegedly selling fraudulent products claiming to be its popular diabetes drug, Mounjaro.
( 18
min )
CD rates have still been rising in several terms—setting a handful of new records. But rates are flat or fading in other terms. Is it a sign the CD rate party is winding down?
( 18
min )
Ford and Canadian labor union Unifor agreed on a last-minute deal that averted strike action in Canada, while striking workers in the U.S. warned of further action.
( 17
min )
Real property includes a parcel of land and everything permanently attached to the land, plus the rights inherent in ownership of the real estate.
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Agribusiness is the business sector encompassing farming and farming-related commercial activities.
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CDs are already paying 20-year record rates, offering as much as 5.80%. But will they climb higher still? Today's Fed announcement provides some clues.
( 19
min )
Brent crude could hit $120 a barrel, marking a 60% jump over the second half of 2023, JPMorgan warned.
( 33
min )
(Bloomberg) -- Instacart, the US grocery-delivery giant that soared by as much as 43% in its trading debut Tuesday, has now wiped out virtually all of those gains as investors question its growth prospects.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseTrudeau’s Murder Claim Risks Upending US Courtship of IndiaStocks Fall as Yields Rise on Fed’s ‘Hawkish Skip’: Markets WrapDollar Rally
( 32
min )
A legal team that forced Tesla's directors to agree in July to return more than $700 million in compensation to the automaker for allegedly overpaying themselves are now seeking a huge payday of their own. The lawyers want a judge to approve $229 million in fees, or $10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery. The sum would be distributed among lawyers from four firms that spent several years building a case against the compensation paid to Tesla's directors from 2017 to 2020.
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Klaviyo shares rose just over 9% on their first day of trading after the marketing automation firm priced its shares above its marketed range at $30.
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min )
(Bloomberg) -- The seemingly low-stakes world of text and email customer messaging revealed some big fortunes Wednesday, as marketing technology firm Klaviyo Inc. began trading in New York. Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingNearly Half of All Young Adults Live With Mom and Dad — and They Like ItFed Set to Pause
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min )
FedEx raised the lower end of its full-year adjusted profit forecast on Wednesday as it benefited from problems experienced by rivals UPS and Yellow. FedEx's shares rose 4% to $261.38 after the bell. The company, which has been slashing costs to protect profits, has also benefited as some worried UPS customers shifted packages to the FedEx network ahead of the Aug. 1 expiration of that rivals' contract covering about 340,000 United Brotherhood of Teamsters-represented workers.
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Investors would do better taking an equal-weighted approach to buying the S&P 500, a Bank of America strategist says.
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min )
The company has been under pressure for months to consider splitting its business in two.
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min )
Following a lawsuit against FTX Trading founder Sam Bankman-Fried's parents alleging that Stanford University received millions of dollars in donations from the now-collapsed cryptocurrency exchange, the school says it will return the funds of all gifts collected from FTX and related companies. Lawyers for FTX on Monday accused Allan Joseph Bankman and Barbara Fried of exploiting their influence over their son to siphon millions from the company, while spending lavishly on a luxury home as well as funneling contributions to “pet causes” — and Stanford University.
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min )
(Bloomberg) -- More colleges and universities in the US are headed for closures or mergers, with enrollment declining across higher-education institutions, according to Fitch Ratings Inc.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseTrudeau’s Murder Claim Risks Upending US Courtship of IndiaDollar Rally Is Crushing One of the Most Popular Trades of 2023A handful have already shuttered
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The family of a North Carolina man who died after driving his car off a collapsed bridge while following Google Maps directions is suing the technology giant for negligence, claiming it had been informed of the collapse but failed to update its navigation system. Philip Paxson, a medical device salesman and father of two, drowned Sept. 30, 2022, after his Jeep Gladiator plunged into Snow Creek in Hickory, according to a lawsuit filed Tuesday in Wake County Superior Court. Paxson was driving home from his daughter’s ninth birthday party through an unfamiliar neighborhood when Google Maps allegedly directed him to cross a bridge that had collapsed nine years prior and was never repaired.
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min )
Shares of semiconductor giant Intel (NASDAQ:INTC) fell by 4.5% on Wednesday, following disquieting remarks made by the company's CFO, David Zinser, at the Innovation Conference held on Tuesday. Zinser indicated that Intel is more than a year away from reaching a break-even point in operating cash flow, a statement that came as a surprise given the company's ongoing efforts to revitalize its chip business.
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min )
Brent crude futures, the international benchmark, have jumped over the past month to a recent $93 per barrel.
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min )
When it comes to remote work (and whether it’s actually as productive as being in the office), the problem boils down to differences in perspective.
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min )
The Fed is meeting today to decide whether to again raise rates as it battle inflation. Here's what it means for interest rates and mortgages.
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min )
Warren Buffett had some advice for American Express CEO Steve Squeri at the start of the pandemic.
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min )
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CD rates have still been rising in several terms—setting a handful of new records. But rates are flat or fading in other terms. Is it a sign the CD rate party is winding down?
( 18
min )
D.A. Davidson analyst Tom Forte and Citi analyst Ronald Josey raised their ratings on the social-media company to Buy from Neutral.
( 22
min )
Dividend stocks are the multi-purpose tool of the markets. They offer investors a two-pronged path towards profitable returns, including a measure of defense against tough market conditions along with a steady source of passive income. It’s an attractive combination. The best dividend stocks will give an inflation-beating income based on the dividend alone, backing it up with a long-term history of reliable payments. It’s a win-win situation for investors: when the stock goes up, you’ll make mon
( 35
min )
Intel has delivered a series of artificial-intelligence chip announcements, but one disclosure from its technology conference was poorly received by Wall Street analysts.
( 22
min )
(Bloomberg) -- Russian diamond miner Alrosa PJSC paused sales for two months, citing weak market conditions.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsThe miner is temporarily halting the allocation of rough diamonds in September and October, Alrosa said in a memo to
( 32
min )
Director Harry L. You just bought $860,000 of Broadcom stock. It was the second large stock purchase by an insider at the chip maker this year.
( 22
min )
Instacart’s IPO could provide a win-win for the grocery delivery service and its employees, thanks to a unique stock option provision.
( 32
min )
Instacart shares stumble a day after their solid trading debut, Ford reaches a tentative deal with its Canadian autoworkers, and Pinterest shares are upgraded after a solid forecast from the social-media company.
( 22
min )
RBC Capital Markets initiated coverage of the company with a Buy rating and a price target implying the stock could rise close to 30%.
( 22
min )
Why are gas prices so expensive? When will gas get cheaper? Where can you get the cheapest gas? Here's what you need to know.
( 34
min )
(Bloomberg) -- A former Wall Street trader who became the head of a major crypto company has been caught up in allegations about drug use and his relationship with a 19-year-old intern at a Bitcoin conference last year as part of a lawsuit filed by a former colleague. Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaF-35 Debris Found After a $100 Million Fighter Jet Went MissingDollar Rally Is
( 33
min )
(Bloomberg) -- For active managers, the math is stark. Out of thousands of mutual funds, literally only one beat the Nasdaq 100 over the last five, 10 and 15 years. It did so by boiling down stock picks to about two dozen companies and riding almost all of them to gains.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaF-35 Debris Found After a $100 Million Fighter Jet Went MissingDollar Rally I
( 33
min )
Factory workers want more pay and less hours, but that’s at odds with how U.S. manufacturers of cars, aircraft and semiconductors have lost ground.
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min )
Generative AI burst onto the scene last November, and fueled a boom in tech stocks – a boom that effectively ended last year’s bear and sparked off this year’s market rally. But some headwinds are starting to pile up, and some market bigwigs are predicting a crash on the horizon. Ken Griffin, the billionaire investor and founder of Citadel, is downbeat on the near term, saying, “I’d like to believe that this rally has legs, [but] I’m a bit anxious we’re in the seventh or eighth inning of this ra
( 36
min )
De Amerikaanse Federal Reserve heeft de belangrijkste rentestand woensdag ongemoeid gelaten. De koepel van centrale banken maakte lenen het afgelopen anderhalf jaar in elf stappen duurder in de strijd tegen de inflatie. Wel verwachten beleidsmakers dit jaar nog een renteverhoging.
( 4
min )
De provincie Zuid-Holland blijft worstelen met Chemours. De provincie wil de chemische fabriek in Dordrecht het liefst harder aanpakken, maar loopt daarbij tegen de juridische grenzen aan.
( 6
min )
Wat betekent Prinsjesdag voor jouw koopkracht? Dat kun je bekijken met deze tool.
( 2
min )
Het lidmaatschap van een vakbond kost al snel twee tientjes per maand. Ondertussen hebben werknemers door de krapte op de arbeidsmarkt meer macht dan ooit. Wat is lid zijn van een vakbond nog waard?
( 5
min )
Meer mensen hebben hun vaste lasten niet op tijd betaald dit jaar in vergelijking met vorig jaar. Het gaat om een toename van openstaande rekeningen voor onder meer zorgpremie en energie.
( 5
min )
De Europese Commissie heeft woensdag een voorstel gedaan om de omstreden onkruidverdelger glyfosaat nog eens tien jaar toe te staan. Als een ruime meerderheid van de EU-landen zich er niet tegen verzet, kan het bestrijdingsmiddel tot minstens 2033 worden gebruikt.
( 3
min )
Het lidmaatschap van een vakbond kost al snel twee tientjes per maand. Ondertussen hebben werknemers door de krapte op de arbeidsmarkt meer macht dan ooit. Wat is lid zijn van een vakbond nog waard?
( 4
min )
De provincie Zuid-Holland heeft aangifte tegen Chemours gedaan omdat het een stof illegaal loost. Daarvoor heeft het chemiebedrijf uit Dordrecht geen vergunning.
( 4
min )
Disney is van plan om de komende tien jaar 60 miljard dollar te investeren in zijn pretparken en cruiserederij. Daarmee hoopt het bedrijf nieuwe klanten te trekken.
( 3
min )
Veel partijen hebben in hun verkiezingsprogramma een verhoging van het minimumuurloon opgenomen, maar daar kleven volgens demissionair premier Mark Rutte risico's aan. Het is duur, is moeilijk te dragen voor de staatskas en kan ook de toch al hoge inflatie verder aanwakkeren, zegt hij.
( 6
min )
Nederland geeft inderdaad tientallen miljarden euro's per jaar uit aan fossiele subsidies, berekende het demissionaire kabinet op Prinsjesdag. Koren op de molen van de klimaatactivisten op de A12, maar in verkiezingstijd ook op die van demissionair klimaatminister en D66-leider Rob Jetten.
( 4
min )
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